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To: Andrew who wrote (192)10/25/2000 12:44:43 PM
From: The Duke of URLĀ©  Respond to of 74559
 
Andrew, thank you.

It looks on quick glance, that what happening is that the Fed wants to be able to step in to the BK and grab the derivatives out of the BK. This may mean that the stock holders of any institution or fund that is in BK would loose any value that those contracts had. Not to nefarious, but it was only a quick shot.