the more I hear about this the more I think Mr. P should stick to his knitting ,and stay away from the turds others leave behind.
Actually, if MF Global did not commit fraud, then IB would have gotten a great deal since the brokerage according to yahoo finance was trading below book value. They would have gotten all of the customers, and done really well. IB is actually the same as MF Global in that it is a brokerage. So the assets are the customers. The problem with MF is that they used customer accounts to cover an insane 40 - 1 margin bet by the CEO on European debt. If MF Global just invested the funds with no margin for 1 year, its actually possible they would not have lost any money. If the CEO authorized the stealing of client funds to cover their bad bets, he should go to jail and have some of his money he made as CEO taken from him to repay customer accounts. He destroyed the company. Total Cash (mrq): 36.72B Total Cash Per Share (mrq): 221.75 Total Debt (mrq): 20.46B Total Debt/Equity (mrq): 1,501.24 Current Ratio (mrq): 1.05 Book Value Per Share (mrq): 7.33