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2015-09-30 — suremoneyinvestor.com
``Glencore carries $19 billion of derivatives on its books. If Glencore loses its investment grade rating -- which is a virtual certainty -- it is going to be required to post additional cash collateral for these contracts. And the company doesn't have enough cash to do that. If this scenario sounds familiar, that's because it's very similar to what happened to insurance giant AIG in 2008 at the height of the financial crisis.''
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