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To: Knighty Tin who wrote (274229)1/16/2004 10:21:51 AM
From: ild  Respond to of 436258
 
Global: Forget About Global Healing
Stephen Roach (New York)

morganstanley.com



To: Knighty Tin who wrote (274229)1/18/2004 1:33:04 PM
From: Pogeu Mahone  Respond to of 436258
 
uclick.com



To: Knighty Tin who wrote (274229)1/19/2004 11:25:29 AM
From: mishedlo  Read Replies (2) | Respond to of 436258
 
KT - thoughts on this question?
Someone on the FOOL asked me and I do not know...

I got a notice from Fidelity (an acct I don't use to trade), that basically says that if securities in your acct are loaned out, you may not be entitled to receive certain benefits of a securities owner, such as the ability to exercise voting rights, receive interest, dividends or other distributions. Substitute payments may not be afforded the same tax treatments as actual interest & dividends and may incur add'l tax liability for securities lent out. In other words, if you have a margin acct, the Bush tax cut on dividends is worthless.

Anyone else have add'l info on this and comments about how this could affect the markets?