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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (38566)	10/17/2000 12:29:26 PM
From: Bucky Katt	Read Replies (2) of 57584

This is a nasty and unforgiving market. What do you think of the FED chairman wanting to move trade clearing to 1 day, rather than the 3 currently? It looks to me he wants to protect the banks & clearing firms from investor defalults. He could see something serious down the road that we do not see, like if one bank or clearing firm falls, all the rest could follow, in a domino fashion. It could happen, with all the margin debt. All it would take is for people to start walking away.

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