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To: Jack Hartmann who wrote (2862)5/6/2001 11:41:30 PM
From: puget206  Read Replies (1) | Respond to of 6932
 
Jack, in your spare time: you should start reading about derivatives and hedge funds and how their margin requirements are much different than you and I. Basically: they can tremendously overleverage at obscene amounts. So the part where people say a 1930's can't happen because margin is limited doesn't take into account the vast amount of money that today can do a 1930's overleverage til your eyeballs pop out.