It's really worth trying to understand what has gone on here. Ann Barnhardt here explains that the bankruptcy was (illegally) filed under a 'Securities' instead of a 'Commodities' bankruptcy, meaning that the creditors (JP Morgan, of course) get precedence over the customers - the people with money or stock or physical bullion in their accounts:
http://www.youtube.com/watch?v=18A698QQex0&feature=player_embedded#!
Wednesday, December 28, 2011
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