Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: scotty-d who wrote (90368)	9/15/2009 12:00:39 PM
From: ggersh	Read Replies (1) of 94695

"Exactly what instruments were used, how close we were to a lock down, etc.....I'm surprised the banks and futures and options markets remained open during the melt, might not be the case in the future. That'd blow, have illiquid assets in a brokerage account." Futures and option market work very well, except for total market meltdown. Back in 87' I called a bank in Australia for a margin call and it was wired same day. As for this meltdown Banks had no money to do this, as I understand it. Banks lost confidence in doing business with other banks, in the futures market this didn't happen. Brokerage Accounts for futures might also be insured???? Maybe this helps? ggersh

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