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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Wally Mastroly who wrote (11455)1/26/2000 4:46:00 PM
From: Justa Werkenstiff  Read Replies (2) of 15132
 
Wally: "The Fed once deemed margin requirements a useful tool to curb stock speculation up until the 1980s. But with the advent of
home equity loans and credit cards, margin debt became a less important indicator of investor debt and setting limits on it
became a less effective tool. "

Forget about speculation. Let's see... I can take out a loan against stock equity at 6.75% currently or I can pay over 9% for a home equity loan or 18% in credit card interest. What's a consuming stiff like myself gonna do?
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