One more candidate for Bankruptcy

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One more candidate for Bankruptcy

posted on Nov 21, 2011 10:20AM

http://www.zerohedge.com/news/jefferies-back-self-preservation-mode-releases-yet-another-defensive-press-release-stock-tumble

Just out from Jefferies which reports that it has lowered its Gross exposure to PIIGS by another 50% (down 75% in total), which we wonder: why, if Gross is not Net? Just ask Morgan Stanley.

JEFFERIES RESPONDS TO `RUMORS, HALF-TRUTHS AND OUTRIGHT LIES'
JEFFERIES CITES `INTENTIONAL MISREADING OF OUR PUBLIC FILINGS'
JEFFERIES REPURCHASED $50M OF 2012 BONDS IN `PAST FEW WEEKS'

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