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To: Puck who wrote (25)8/7/1999 10:15:00 PM
From: Zeev Hed  Respond to of 60
 
Puck, the old floorless had some such weak anti shorting clauses, but the bandits could always go through third accounts overseas because the paper they received was always "transferable" and could be pledged as collateral. Modern Reg D floorless state most of the time that the lenders can engage in various "hedging" activities (the nice word for shorting against the box with impunity).

Zeev



To: Puck who wrote (25)8/7/1999 10:24:00 PM
From: Mike Hermann  Read Replies (1) | Respond to of 60
 
Good work, good thread, will help us all
Thanks,

Mike


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