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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?

To: Henry Volquardsen who wrote (978)	10/26/1999 6:32:00 PM
From: Merritt	Read Replies (1) \| Respond to of 2794

Henry: <<But even the derivatives positions were problematic because of the leverage.>> <<It was the amount of derivatives they had with a relatively modest amount of capital, that is a leverage problem.>> Couldn't agree more...but I'm not aware that the problem has been remedied. Margin for sellers hasn't been raised, has it? And don't many major banks still have excessive (well, maybe not excessive to a derivatives trader<g>) derivatives exposure?