Just when you thought you'd seen it all, in the ongoing Refco saga... Saw the breaking story on Bloomberg early this morning; here's a nicely detailed report on their website (also 2 video clips): http://quote.bloomberg.com/apps/news?pid=10000006&sid=aQ0Nt31p4mPs&refer=home "All of a sudden, half a billion dollars of liabilities just vanished," said Howard Seife, a lawyer at Chadbourne & Parke in New York who represents Refco creditors. "No one appeared on their behalf in court. It was as if they didn't exist."