Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 163.04

-1.2%

11:19 AM EST

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To: Jon Koplik who wrote (15442)	9/24/1998 8:37:00 AM
From: Jeff Vayda	Read Replies (1) of 152472

Jon: Thanks for that post. Nothing like a good slap in the face to get you going in the morning. I now know why it is such a big hassle to get a home loan. The morons in power have screwed up everything else so bad that they have to be ultra conservative with us, the little people. Care to tell me how they could let an organization get so leveraged? Gee, to get a loan, you are only allowed to have ~40% of your gross in debt how can 'institutions' get to: <<Earlier this month, Long-Term Capital said it had lost $2.5 billion or 52 percent of its net assets, in trading so far this year. As of Sept. 2, Long-Term Capital was said to have $2.3 billion in assets with about $90 billion in trading positions, the Times said. >> Do institutions not get margin calls? (NOTE: These are all rhetorical venting questions, now response required!) Jeff Vayda

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