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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (9925)	2/15/2000 6:42:00 PM
From: yard_man	Respond to of 42523

Two IPOs that didn't go to the moon ... biz.yahoo.com biz.yahoo.com

To: MythMan who wrote (9925)	2/15/2000 6:58:00 PM
From: pater tenebrarum	Respond to of 42523

it's pretty straight-forward and not really a big problem imo...in a systemic financial crash the FDIC will fail anyway. a big federal bailout will be unavoidable in that case. i don't think it really matters if Merrill's customers cash balances are in FDIC insured accounts or not in that case, except perhaps to Merrill's customers...<ggg> note that a crash would no doubt lead to high profile bank failures, due to derivatives exposure, but enough big institutions will survive to rebuild the system....i think.