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To: Mary Baker who wrote (271)6/25/1999 12:13:00 AM
From: ahhaha  Read Replies (3) | Respond to of 963
 
You aren't receiving a cash advance. A check is not cash. The check is on a debit balance, not on a demand deposit credit.

You think you're clever and are boasting about how you can defeat the intent of securities laws. You won't be able to hide in naivete once this becomes known. You have to post in good funds the federal requirement for initial margin, otherwise you and your broker are committing a federal offense. The broker is merely negligent whereas you are intentional.

They mean business because the '29 crash has left a big scar on American history. They have sworn not to let margin abuses cause the same to repeat. You have effectively done what is quoted as the cause for the '29 crash, buying on paper thin margins. You and others can call this what you want and you may get away with it for awhile, but if this leads to big trouble, you're toast. The fact is you're breaking federal law.



To: Mary Baker who wrote (271)6/25/1999 1:28:00 AM
From: yzfool  Read Replies (2) | Respond to of 963
 
The margin call on your credit card is in effect your sense of responsibility. When the stock purchased on credit card retreats and does not recover in a timely fashion, common sense and civil sense of responsibility kick in to sell the stock and cover the debt. Not only does this weaken support for this stock, but if this does not occur and the debt remains uncovered, then the tax burden on all of us increases. Who do you think pays for bankruptcies? I for one do not want to pay for your poor judgement.