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Showing posts with label mf global. Show all posts
Showing posts with label mf global. Show all posts

Sunday, December 18, 2011

Celente to Yahoo Finance : MF Global not an Isolated Incident | Gerald Celente Trends Blog

Celente to Yahoo Finance : MF Global not an Isolated Incident | Gerald Celente Trends Blog: Celente to Yahoo Finance : MF Global not an Isolated Incident
Gerald Celente warns that any money you have in any bank or with any brokerage firm is not safe and can be stolen at any time "If you don't have your money under your pillow or mattress, you don't have it all. It's not safe." He warned . MF Global's Jon Corzine was making highly leveraged bets on Europe's debt and that's how he lost his clients money including Gerald Celente's money he raided segregated accounts this is the first time in history that this thing happened that people lost their money that they had in segregated accounts explains Gerald Celente "This is really huge," he added

Wednesday, December 14, 2011

Exclusive: MF Global drew up survival manual in final days | Reuters

Exclusive: MF Global drew up survival manual in final days | Reuters: Just days before it declared bankruptcy on October 31, MF Global concluded it could remain solvent even if a major ratings downgrade limited its access to funding, according to an internal "break-the-glass" plan obtained by Reuters on Tuesday.

The report, which was undated but appeared to be drafted before October 20, shows how the firm was furiously mapping out scenarios as markets started losing confidence in the futures brokerage.