Derivatives: Darth Vader's Revenge Message Board

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Non-Tech : Derivatives: Darth Vader's Revenge

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To: Hal Ford who wrote (202)	9/26/1998 7:15:00 PM
From: Henry Volquardsen	Read Replies (2) of 2794

Hal, I saw that article. Ordinarily I would laugh it off on the basis that no responsible bank would allow such excessive lending to take place. But based on what I have heard around town today I would have to admit I wouldn't be surprised. As I said in an earlier post it does not appear that the nature of their trades themselves were that risky. It appears to have been the mind boggling leverage that got them. I will be very interested to see how Bob Rubin proceeds. Also if I were a shareholder in some of the institutions that were investors in this fund, I would ask management some questions about wether any of the executives who authorized the extension of credit also had personal investments in that fund. Henry

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