Afaik, the Refco problems are in the equities unit.
And as usual the press will fail to make a difference between notional values and margins, or margin calls and assignments.
Re: short in commodities, I would prefer to know their positions in the swaps which is a much huger market. <g>
lvlamb a k a
Louis V. Lambrecht
Whenever you find that you are on the side of the majority, it is time to reform. (Mark Twain)