Many of you still have not seen this news:
http://www.refcofx.com/email-us-2.htm
The above link is about two weeks old, but many people still haven't seen it. A kind friend sent me the link today and asked me what I thought. Well, I think that, given the present circumstances, it is the very best that we could expect or hope for. Consider for a moment that it's possible for all of the RefcoFX accounts to be shut off, and that money lost, forever. Anything is better than that.
Could the outcome be more favorable? Certainly. FXCM offered to buy the assets and the deal fell through. That deal would have given traders access to their money more quickly. As it stands, it's good to know that we're near a conclusion on this sad situation.
