Knight Capital gets $400 million rescue, shares tumble

Comments (3)
totherepublic wrote:

I thought the age of bailing out crooked banks was over…STUPID! And was this the same equity deal that just sunk all those pension plans. Now we know how will pay the brunt of it-again.

Aug 06, 2012 1:07pm EDT  --  Report as abuse
TheNewWorld wrote:

@totherepublic

Perhaps you should read the article before making comments. This wasn’t a government bailout, this was a stock purchase made by other private companies.

“Blackstone Group LP, rival market maker Getco and financial services companies TD Ameritrade Holding Corp, Stifel Nicolaus, Jefferies Group Inc and Stephens Inc purchased preferred shares for what works out to be a 73 percent stake in the company, Knight said.”

Aug 06, 2012 7:10pm EDT  --  Report as abuse
Doc62 wrote:

Thank you Jeffries Group. No taxpayer bailouts. Now there is a real and experienced private financial group, who won’t put up with any $ failures. If Joyce & Co pull any shenanigans, it GOOD KNIGHT!

Aug 09, 2012 9:17am EDT  --  Report as abuse
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