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Politics : The Castle
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To: tejek who wrote (3104)3/11/2004 4:16:22 PM
From: TimF  Read Replies (2) of 7936
 
Margin accounts are better than nothing. Prior to the 1930s, many people were not required to put up any cash when trading on the markets.

I think you where required to put up 10%. Of course people could borrow that 10% from another source and a lot of people did but people can borrow to meet the larger margin requirements today as well.

Tim
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