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

To: Knighty Tin who wrote (65903)	8/6/1999 2:14:00 PM
From: Les H	Respond to of 132070

Barton Victims Had Loaned Him Money By JAMES PILCHER Associated Press Writer ATLANTA (AP) - Some of the people day trader Mark O. Barton shot had loaned him money to cover losses, and police said Thursday he was deliberate with his shots - at times he fired from point-blank range. Detective Steve Walden said it wasn't clear whether Barton had specific people in mind when he entered two brokerages last week and killed nine people and wounded 13, hours before killing himself. But Barton ''didn't just go in there and spray,'' said Walden, who is heading the investigation. Barton was able to shoot people at close range, including some under desks or at their chairs in the small offices. ''Someone with a .45 and 9 mm in that small of space that is just an amateur shot can do a lot of damage, and he was aiming and targeting,'' Walden said. Eight people wounded in Barton's spree remained hospitalized Thursday. Walden said investigators had not found out whether loans from colleagues at either office were still outstanding. And he didn't know whom Barton borrowed from, or how much. In a note left in the suburban apartment where Barton killed his wife and two children, he wrote that he planned to live ''just long enough to kill ... the people that greedily sought my destruction.'' Barton went on his rampages in offices of All-Tech Investment Group and Momentum Securities. Officials with both companies said overnight loans are commonly made within day-trading firms. ''It's not cumulative, but paid back the next day,'' All-Tech general counsel Linda Lerner said. ''It's just friends doing each other a favor overnight, although they do charge interest.'' The Wall Street Journal and The Atlanta Journal-Constitution reported this week that Barton lost $400,000 to $450,000 trading at All-Tech and Momentum in the last year. Fred Herder, a day trader at All-Tech who was released from the hospital Wednesday, sat next to Barton for the nine months Barton was at All-Tech. He recalled loaning Barton money once but could not recall the amount. >>>He was probably margined more than 50%.