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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who started this subject12/5/2000 5:32:14 PM
From: NOW  Read Replies (1) of 436258
 
Would anyone care to comment on these intersting words from FOMC:
"The agencies recognize that securities borrowing is a long-established financial activity that historically has resulted in an exceedingly low level of losses. The interim rule recognizes this low risk and effectively lowers the capital requirement associated with these transactions."
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