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We have more on the breaking news we've been bringing you about Tom Joyce -- Knight capital.
Fox Business senior correspondent telecast greater reporting that Joyce is telling friends he has left Knight capital Charlie joins us not when the -- telling you expect that's.
You know what the other -- -- was -- expect -- don't think anybody thought he was -- just send a letter -- this morning.
But I think you know it's a bit with Tom Joyce ran -- capital for.
Wrote a while a little time it was around a decade.
It's imploded under his watch as you know it was a trading error that caused affirmed that the -- -- -- it had to be bailed out he did arrange that bail out.
But that after that bailout you know so one of the partners -- company -- -- wanted to all the -- -- believe that you know that's the best way.
He did to put up the most money so it made a good it basically took.
But nice to Abu added independence or quasi independent and it really wasn't much for Tom -- to do I do know people that -- there who.
Got told me he sees war as it's going into the office -- so.
You know this is his exit from nightcap of the -- what you just being here is why we talk about -- an ideal -- was -- -- digital signature sort of implosion of the market the last couple years but I'm -- Is one of the bigger players on Wall Street -- mean long time.
Top one of the top people at Merrill Lynch that he read -- -- capital took it over from a that -- -- aspect changed its business model a bit it was less.
-- total proprietary trading although was what I treaty glitch that -- it -- troubles so I would say the timing was interest -- I don't want people expected to stay with night as he was essentially executive chairman was not to CEO that's what happened when -- go to go to -- became -- -- so to speak.
You know so a lot people expected him to leave at -- point -- it was a much -- I think the timing is interest -- it would also adjusting.
It does he have a second act you know.
Wall -- is known to be somewhat forgiving I -- John -- You know added issues that Merrill Lynch he's back running CIT group you know I -- -- -- our second acts that Jon Corzine.
You know if that is issues running Goldman Sachs came back you know if they're if they're political career -- -- -- global we all know what what happened that you just.
And you know so the question is does he come back and I think he does at some point.
Aren't Charlie Gasparino great story thank you very much -- -- and it -- on that breaking -- I guess British senior business correspondent.
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