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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bonnie Bear who wrote (14462)3/1/1998 4:57:00 PM
From: paulmcg0  Read Replies (2) of 94695
 
Bonnie -- here's something that illustrates the market mania:

I recently contacted the 3 main credit reporting agencies, to get copies of my credit reports. In your credit report, it shows every company that ran a credit check on you.

Last fall, I had to get my brokerage account changed to a margin account so that I could buy and sell options (puts!). I guess they have to make it a margin account in case you want to write options.

Even though a margin account is a form of credit, they didn't bother to run a credit check on me, while the phone company did when I got a new number. That really boggles my mind - a utility cares more about your credit record than a brokerage!

Paul McGinnis
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