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To: jttmab who wrote (41291)2/24/2000 11:55:00 PM
From: Oblomov  Respond to of 99985
 
OK, OK. Surely there's a middle ground? In my view, a lender should decide what an appropriate credit risk is with a minimum of government intervention (to ensure fair lending practices). Many volatile securities are non-marginable at either the Fed's or the broker's discretion, so a person who holds only non-marginable securities effectively has no margin available.

There is a difference between the government encouraging risk and the government not discouraging risk. This is a fine line, of course, and honorable men may differ... I am happy to have the reporting requirements for NYSE, Amex, and Nasdaq companies. But, despite the wealth of information available, it is still the investor's responsibility to determine the accuracy as well as the risk, don't you think? The company and its auditors may be liable for damages in the case of fraud, but just try recovering your losses in our civil courts (ng).



To: jttmab who wrote (41291)2/25/2000 2:06:00 AM
From: Dwight E. Karlsen  Read Replies (1) | Respond to of 99985
 
jttmab..I agree. If there was no SEC oversight, all the companies could just report with cooked numbers, and would never disappoint the analysts..We could all safely play all the momo concept stocks, and Dell would still be reporting 85% y/y profit increases..that would be great..