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

To: KeepItSimple who wrote (18875)	3/20/2000 9:19:00 AM
From: pater tenebrarum	Respond to of 42523

no, not since the regulations were stiffened...it's not so easy anymore to perpetrate fraud. lots of shaky ventures were recently de-listed...

To: KeepItSimple who wrote (18875)	3/20/2000 9:20:00 AM
From: Terry Whitman	Respond to of 42523

Looks like your 'speculation' on margin is common knowledge to many- >The U.S. House of Representatives may soon be discussing the possibility of altering margin debt levels for stock investors. Spencer Bachus (Alabama) will hear testimony from experts on Tuesday, March 21, 2000. The following is from Congressman Bachus' news release: Statement on Margin Lending Requirements Hearing "Our hearing will focus on whether Federal Reserve interest rate decisions should be influenced by market valuation and speculation, and if so, the appropriateness of responding to the financial markets with general rate increases as opposed to margin lending requirements. "If one presupposes that certain segments of the market may be creating a so-called bubble, I for one believe these conditions are best addressed by targeted margin lending requirements to those sectors as opposed to general interest rate increases. Across-the-board interest rate increases affect the economy as a whole, some sectors of which are in no way exhibiting signs of inflation," said Bachus. Steve Galbraith, a margin debt analyst from Sanford & Bernstein, and Paul McCulley, an economist at PIMCO, will testify on March 21, 2000 at 2 p.m. in Rayburn 2128. This discussion is likely to stir up considerable debate. Should Congress second-guess the Federal Reserve's role in managing interest rates? The mere mention that investors "magic margin machine" might be put out of commission may be enough to spark a huge market selloff. This knee-jerk reaction by investors would be to the downside as to what Clinton's "let's put Social Security surplus into the stock market" did to goose the market up last year. Clinton may have never really planned to put SS money into stocks, but he probably knew that the market would rally just by mentioning it.< geocities.com