Market farces

31 Aug 2007

It often seems that the history books are littered with derivatives industry scandals, but it is the few that give a bad name to the many. The delay in Phil BennettÃ¢â‚¬â„¢s trial serves as a reminder of the huge fallout at Refco in 2005 and sets in context the recent problems at Sentinel. ...

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“At this point in time, we will not be supporting this [parliamentary] inquiry. But we put it on notice that in a future time, which we envisage will be in the next four weeks or so, we will, unless Wayne Swan does the bleeding obvious and stops this going forward,”

Australian senator Barnaby Joyce on the proposed ASX-SGX merger