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To: Knighty Tin who wrote (178403)7/9/2002 2:22:53 PM
From: Tommaso  Read Replies (1) | Respond to of 436258
 
I thought that some open end funds had bank credit lines that they could use to meet redemptions. Was that just a financial-district myth? It always sounded illegal to me.



To: Knighty Tin who wrote (178403)7/9/2002 3:07:28 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
<<They can't lever if they're a mutual fund. Even closed end funds can only lever a little bit. And they can't get in trouble because it's not their money they are investing. They can have bad performance, which they've had.>>

Good point. The whining is still unbecoming, however...(and I have no doubt that some hedgies ARE smelling the glove over the WCOM debt collapse...who's next, AOL?)


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