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To: JGoren who wrote (67568)2/20/2000 2:02:00 PM
From: Jon Koplik  Respond to of 152472
 
Shouldn't AG know it is the wealth effect ? Jon. eom.



To: JGoren who wrote (67568)2/20/2000 5:18:00 PM
From: DOUG H  Read Replies (1) | Respond to of 152472
 
<<<AG answered that it is not effective to raise margin requirements and has a disproportionate impact on small shareholders.>>

Amazing, by changing margin requirements he can reduced the amount of speculation in the equity markets without hurting Mom & Pop lunchbucket unless he thinks they're on margin in their 401K's. We are now hiring the least skilled and motivated and AG wants me to hand out pink slips.
Amazing.


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