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To: yard_man who wrote (34955)5/23/2000 9:39:00 PM
From: Lymond  Read Replies (2) | Respond to of 42523
 
It is the inherent nature of banks to speculate; it is their modus operandi. Banking is a business of assessing the probabilities and reward outcomes. Extreme speculation falls at one end of the spectrum, highly controlled risk management at the other. Both are legitimate activities, so long as the correct balance between the two is struck.