On going posts on doomsday/meltdown (may occur) trading via riding a HFT or 'flash' crash ala the Greece Crisis that spiked the flash crash on May the 6th 2010
NKS: Takefuji Corp will hold Tuesday an emergency board meeting where it will decide to file for protection from creditors. The consumer credit giant's finances have been hit hard by mounting refunds for interest overpaid by borrowers. Takefuji is also expected to delist from bourses in Tokyo and London. Liabilities on the company's books exceeded Y400bn ($4.7b) as of June 30. But up to 2 million customers could still come forward with requests for interest payment refunds. Should all of them do so, Takefuji's liabilities could reach Y2.5trln ($29.7bln)
Possible fear contagion on interbank/libor spreads
from Nikkei
disclaimer: MEC Research - trade at your own risk
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