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Strategies & Market Trends : Waiting for the big Kahuna
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To: robnhood who wrote (33912)11/18/1998 8:02:00 AM
From: Hawkmoon  Read Replies (1) of 94695
 
rrman,

That is only half the story. Chairwoman Born has been pressing for CFTC regulatory oversight and control of the derivatives market and she has p*ssed off Arthur Levitt, Alan Greespan and Robert Rubin with her obstinence.

There was an article on her and the battles she has waged with the SEC, the Fed and Treasury in a recent Washington Post.

So now here we have an article trying to blame her for LTCM when the banks that permitted that kind of leverage (gearing as they say in the UK) are the ones who should have known the risks they were taking.

And who is responsible for overseeing the banks??

Hmmm....

Regards,

Ron
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