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Non-Tech : Derivatives: Darth Vader's Revenge

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To: Bobby Yellin who wrote (331)10/5/1998 11:49:00 AM
From: Worswick  Read Replies (1) of 2794
 
Bobby good morning to you! My anecdotal information about the banks is that they are dealing in derivatives. Why let all the customers make money when you can know precisely what they are doing and piggy back their trades?? Do you think the banks are lending money. Here...use this any way you want to...we trust you implictly!!

Henry can confirm this or deny this.

To post the kind of earnings they have been posting places like Goldman... simply have had to be trding derivatives for their own accounts. Although, if you get 1% of a $70 billion merger that's alot of bucks.

My best to you,

Clark
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