Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Merritt who wrote (984)	10/27/1999 5:21:00 PM
From: Henry Volquardsen	Respond to of 2794

As to the banks not sustaining massive losses from last Fall's fall, that doesn't mean too much to me as the drop wasn't protracted enough to be reflected in their derivative exposure. I thought the question on a lot of people's mind was whether that sort of sharp quick motion would be enough to trigger large losses. Also as one of the few people on this thread, I think, who actually does know what it feels like to lose $10 million in 5 minutes (trust me, it sucks) that move was protracted enough to cause so big time losses, and did in a few places. And I'm really serious about that other comment. I continue to be amazed that a particular individual wasn't forced to resign. But he wasn't a banker so the Fed couldn't force it, it would have to be an SEC issue.