Hin Leong (possible) Bankruptcy
Any traders have any insight into this? FT says the news has "sent shockwaves through the industry". Is this as big a deal as say Noble going bust?
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Seems to have been correlated with a blowout on Trafi's bond spreads although those have come back in some. Interested in this as well although I would think the shockwaves for the commodity industry would be much more significant given the current market conditions. Noble's downfall didn't really affect the overall industry that much, at least nothing like Enron blowing up did.
Looks like this thing is really blowing up. Will any other companies get caught swimming naked? Been reading Iceberg Research's reports on Trafi--could they be in trouble next?
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