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To: Bucky Katt who wrote (12807)10/9/2003 12:40:02 PM
From: ALTERN8  Read Replies (2) | Respond to of 13094
 
J & W,

both of you had great advise for me when I had just filled out my options application. I want to thank you both once again and let you know that your advise was key from my first options trades to the 50K+ I just made in the last 2 days. It's been great having had access to you and your expertise for the last few years, and I will of course continue to hold your research in high esteem for as long as you'll allow it. I think both of you deserve to be paid for each of your posts on SI.

BTW Wil, I was at the Cubs game last night, it was my first ever ball game attendance and just amazing.

Cheers,
P



To: Bucky Katt who wrote (12807)10/10/2003 4:20:12 PM
From: James Strauss  Respond to of 13094
 
Home Loan Banks Raise Fears;
Losses Suggest Too Much Risk


William:

If interest rates rise dramatically and housing prices drop you could have a Japan type of banking crisis where the debt is worth more than the equity... I don't see either happening in the near future... On the other hand, fooling around with derivatives could snowball a manageable situation into something uglier...

Jim