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Non-Tech : Greenspan, Rubin & Co - the Most Irresponsible Team Ever??
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To: Knighty Tin who wrote (239)11/16/1999 5:53:00 PM
From: Cynic 2005  Read Replies (1) of 309
 
Given the speed with which Dung rallied, there is a good chance that a mini crisis is brewing due to naked call positions written by big banks, hedge funds and investment houses. It happened with gold market and BoE has to do yet another feat to knock down the price of gold to 290 levels to save the call writers' butt. The question is if there were a bank crisis due to naked call positions, will AG bail the banks out by rising the rates and yanking the market down?

I bet he won't!
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