The Chronology Of A Collapse: Santelli’s Primer On The PFG Debacle

Thursday, July 12, 2012
By Paul Martin

by Tyler Durden
ZeroHedge.com
07/12/2012

There remains some confusion about the timing of actions around the PFG Best disaster. From withdrawn salary cuts to liquidation-only orders to forced liquidations from Friday to today, CNBC’s Rick Santelli provides a succinct and shocking insight into what real money accounts and brokers have dealt with and continue to try to comprehend. The sad truth about where the money went is summed up by his guest that “we’re just hearing rumors; it could be, on a percentage basis, worse than MF Global.”

Video…HERE

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