Saturday, October 15, 2005
Goldman Saks On Refco: No Thanks
The New York Post has this update on the Refco bailout. "Goldman Sachs last night apparently rejected pleas from government regulators to take over the tottering commodities trading powerhouse Refco."
"Goldman said a purchase would conflict with its role as Refco's underwriter and financial adviser, for which it was hired yesterday."
"The regulators, from the Commodities and Futures Trading Commission and the Chicago Mercantile Exchange, hoped to calm fears that Refco's collapse could disrupt capital markets across the globe. Goldman and Refco spokesmen did not return calls seeking comment."
"Goldman said a purchase would conflict with its role as Refco's underwriter and financial adviser, for which it was hired yesterday."
"The regulators, from the Commodities and Futures Trading Commission and the Chicago Mercantile Exchange, hoped to calm fears that Refco's collapse could disrupt capital markets across the globe. Goldman and Refco spokesmen did not return calls seeking comment."
# posted by Ben Jones @ 2:43 PM 
