RIP refco, you lasted longer than I thought you would. You cornered the market in doing the business that no respectable bank would touch and suprise suprise it ended in tears. Sympathy, well I haven't got much for the people associated with refco. But if you couldn't see the way they were operating then I'm sorry you're so blind. Good riddance to bad rubbish. I look forward to a temporary lack of the over leveraged craziness that refco brought to the futures market. Though I'm sure that some crook is already plotting an empire that will far exceed refcos brief adventure.