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To: craig crawford who wrote (7485)	6/7/2001 2:24:34 PM
From: SunSunM	Read Replies (1) \| Respond to of 57684

securities (stocks), securitized, I think that's what he meant.

To: craig crawford who wrote (7485)	6/7/2001 5:14:59 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 57684

Securitized. I'm sure its a real word. I've been using it in conversation and no one corrected me. Maybe it's in the same financial dictionary I backed up "secular" with. What I mean to say that anything can be converted into a publically-traded liquid security, as long as it fits the system. In a single conversation a person, institution whatever can move tens of millions (even more) from oil to dollars to orange juice to gold to Internet stocks to Manhattan real estate to shopping centers to ranchland. There are securities for every investment class. ...and if direct ownership doesn't turn you on there are derivatives!