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Pastimes : Richard Ney and the Wall Street Gang
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To: ccryder who wrote (169)2/19/1998 12:51:00 AM
From: BenYeung  Read Replies (2) of 492
 
Classic line for Fenton
<<Fenton can pull his collars down to cover his shorts.>>

Anyhow, I have some questions which Ney's perspective cannot give me an adequate answer (and people ask me this all the time). So this is for the experienced Neyers:

If specialists/MMs are so powerful, how come they/their firms aren't multi-gazillionaires. Many specialist firms are small units (as compared to Merrill, Bear Stearns...), you know.

And, how come brokerage houses collapse after market crashes (as in 1929 and other recessions)

Thanks.
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