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If it's not in your possession, it's just a piece of paper

Published:

Last Edited: November 15, 2011, 6:32 am

Gerald Celente gets burned by MF Global collapse.

Note, not only did they close out his position, they even took his cash.

Now, watch some perma-defender of the Crimex spout that everyone will eventually get their money.
Yeah. Eventually. Maybe. Roll Eyes

Entry #663

Comments

1.
TigerAngelComment by TigerAngel - November 16, 2011, 2:07 am
Wow, I came across this today on Jeff Rense site. If you get a margin call then you have to pay more $ to keep your position. So why didn't he do that I wonder. Perhaps they didn't give him enough time or he was in shock and didn't believe it, didn't act in time. It's kind of unthinkable for this to happen to a guy like him. I wonder what's up with that?

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