Forbes (August 6)
“Call it the best disaster and recovery Wall Street has seen in a long time. In less than a week, Knight Capital screwed up royally to the point of near failure and then managed to save itself with the help of outside investors…. If a financial institution is going to mess up then this is the way to do it—without hurting clients and without getting taxpayers involved.”
“Call it the best disaster and recovery Wall Street has seen in a long time. In less than a week, Knight Capital screwed up royally to the point of near failure and then managed to save itself with the help of outside investors…. If a financial institution is going to mess up then this is the way to do it—without hurting clients and without getting taxpayers involved.”
Tags: Clients, Investors, Knight Capital, Taxpayers, Wall Street
