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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Wizard who wrote (12689)	7/12/2002 5:39:50 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 57684

Seems like Weisel would close before BofA/SF.

To: Wizard who wrote (12689)	7/12/2002 8:49:19 PM
From: techanalyst1	Respond to of 57684

I think a bank will blow up before we bottom out. Which one, I don't know, but someone. I brought a rather large check into my bank from my brokerage account and they insisted on putting a hold on it. I've had my account there for over 20 years and have never even once bounced a check nor had one bounce that I've deposited.... ever. In fact they know me because I've done this in the past. They wouldn't even call to find out if it was cleared before taking off a ten day hold or release partial funds. I had only cash in that brokerage account and even offered to bring in my statement and log onto my account to show them the funds were there or have them call the broker. I know the check clears way before 10 days, so what was the big deal? I don't know, but there had to be something and it wasn't something that I had done, I know that. They said they had to protect their "risk". Risk from someone who has had their account there for over 20 years with a perfect record on a check that clears at least a week before the hold comes off? TA