It's how ya play the game,
Win or lose, philosphically speaking - whether a little or a lot, even if only on paper - what really hurts is the feeling of being lied to and cheated. Human dignity and decency should remain worth more than just the money involved for all of us.
"Left unsaid in the e-mail messages was that U.S. Clearing, a unit of FleetBoston, had raised the margin requirement on Wave Systems from 50 percent to 75 percent. Clearing firms are allowed wide discretion to raise margin requirements above the benchmarks set by the Federal Reserve and market regulators, with little notification."
Web Street executives say that such transfers often take weeks and that they acted appropriately. "We really bent over backwards for these individuals," said D. Jonathan Rosenberg, chief operating officer of Web Street. "The market went against these guys, and that's the bottom line."
The bottom line is in question. One of the questions is: Do investor's trust D. Jonathon Rosenberg and the say so of Web Street executives?...
Many reputable economists might say that Johnny's only UTILITY FUNCTION in life appears to be profiting his ethically decrepit ilk by deceiving others - discreetly, of course, and with little notification..
Amity and Sympathy,
Marty
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