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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Bill F. who wrote (63021)	6/23/1999 9:12:00 AM
From: Tommaso	Read Replies (1) \| Respond to of 132070

I guess I need not draw your attention to the WS Journal story this morning about the practice of allowing customers with cash balances to make 24-hour loans to daytraders operating on margin, thereby circumventing the Fed margin requirements. Of course this may not represent a very high percentage of stock market leveraged debt, but it's one more example of shenanigans that make reckless speculation possible. It also is a kind of double-bubble, in that if the speculator goes bust, the lender loses capital, too.