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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: zebra4o1 who wrote (50761)	1/22/2006 2:59:14 PM
From: kris b	Read Replies (1) \| Respond to of 110194

If the market goes up we lose. If the market goes down, nobody will be there to pay our winnings. This is exactly my question. What happens to my short position when CTX goes bankrupt and my broker who holds this position for me goes tits up too? How will I get my money back? Any thoughts. My broker doesn't know the answer, because it doesn't even cross their mind that they can go broke.

To: zebra4o1 who wrote (50761)	1/22/2006 3:57:07 PM
From: Ramsey Su	Read Replies (2) \| Respond to of 110194

You are suggesting a total collapse or as Jay C calls it - TEOTWAWKI.

To: zebra4o1 who wrote (50761)	1/22/2006 4:15:34 PM
From: ild	Read Replies (2) \| Respond to of 110194

<<<if I would ever be able to collect on these puts if there was a big crash>>> Options are guaranteed by optionsclearing.com By acting as guarantor, we ensure that the obligations of the contracts we clear are fulfilled.