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To: Lymond who wrote (34997)	5/23/2000 9:57:00 PM
From: robnhood	Read Replies (1) \| Respond to of 42523

John,, There was good article on this recently-- It is in human nature to go to greater and greater risk for a larger return. The competition is staggering and to beat it requires accepting huge risk. That IMO was the jist of it and it was in reference to the banks and derivatives.. Let us not forget that the banks are quite sure that they will be bailed if they screw up. This has certainly been the case for the last two decades, however , derivatives have allowed an expansion of risk that may not be possible to be saved from.. << highly controlled risk management at the other.>> We do know that the boyz in this department have looked the other way on many occasions.

To: Lymond who wrote (34997)	5/24/2000 10:25:00 AM
From: yard_man	Read Replies (1) \| Respond to of 42523

No -- you should get Webster's out an look up speculate ... speculate doesn't mean just to take risks -- yes banks take risks, but I don't want to do business with one that speculates >>3. (Com.) To purchase with the expectation of a contingent advance in value, and a consequent sale at a profit; -- often, in a somewhat depreciative sense, of unsound or hazardous transactions; as, to speculate in coffee, in sugar, or in bank stock. Source: Webster's Revised Unabridged Dictionary, ¸ 1996, 1998 MICRA, Inc <<