2min chapter

Forward Guidance cover image

Learning From Market Tremors | Hari Krishnan

Forward Guidance

CHAPTER

Is Refco a Prime Broker?

Even though you just had a global financial crisis where major institutional players went bankrupt, like Lehman Brothers, even then, people were more trusting than they are now. A lot of people were hit before the crisis by Refco. This has happened from time to time. Various prime brokers have gone under for various reasons. I sympathize greatly with the people who've been hit by this. Yes.

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