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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Mark Bartlett who wrote (6532)	6/18/1999 12:43:00 AM
From: Zardoz	Read Replies (2) \| Respond to of 81996

That's got nothing to due with derivatives failing, nor is it a reason to go long. Hedge fund activity in global financial markets may be on the rise, fuelled by a new willingness by banks to extend credit, a report by the Bank of England said on Friday. Best you learn the difference between a HEDGE fund, and a gambling fund. Not all funds are created equal. LTCM could be the only one of it's kind, or they all could be the same. Either way it doesn't mean that the 'paper shield' would fail. further more it doesn't mean GOLD would fair any better if they did. You said: personally I do not want to rely on poorly regulated derivates markets and hedge funds ... if you do, that's fine. Really... so you buy stock on the NASDAQ, AMEX, NYSE... all are poorly regulated exchanges. In 1995-97 Nightline did an article on the NASDAQ. They said that OVER $40 Billion per year was directly scammed off the nasdaq by pump and dumps schemes. So where do you put your faith? LTCM or Mercury Finance, Oxford Health.... well the list of illegal acts by many of the US exchanges doesn't justify your fears of derivatives. cdcc.ca cboe.com What is the OCC? The Options Clearing Corporation is the sole issuer of all securities options listed at the CBOE, four other U.S. stock exchanges and the National Association of Securities Dealers, Inc. (NASD), and is the entity through which all CBOE option transactions are ultimately cleared. As the issuer of all options, OCC essentially takes the opposite side of every option traded. Because OCC basically becomes the buyer for every seller and the seller for every buyer, it allows options traders to buy and sell in a secondary market without having to find the original opposite party. The OCC substantially reduces the credit risk aspect of trading securities options as the OCC requires that every buyer and every seller have a clearing member and that both sides of the transaction are matched. It also has the authority to make margin calls on firms during the trading day. The OCC has a AAA credit rating from Standard & Poor's Corporation.