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Pastimes : All Clowns Must Be Destroyed

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To: pater tenebrarum who wrote (31507)5/5/2000 9:46:00 PM
From: yard_man  Read Replies (2) of 42523
 
I think when the fit hist the shan ... everyone is going to be surprised how far the "safe" bank and brokerage stocks can fall ...

news.excite.com

>>Greenspan noted that the legislation had greatly expanded the opportunities for U.S. banks to get involved in merchant banking activities.

In merchant banking, a bank is allowed to buy stock in non-financial companies. Greenspan said banks going into these new areas needed to have a good understanding of the risks involved.

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