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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (338847)	7/23/2007 9:21:37 AM
From: Bid Buster	Read Replies (1) \| Respond to of 436258

In this world of on time inventory who needs reserves?

To: Box-By-The-Riviera™ who wrote (338847)	7/23/2007 9:24:01 AM
From: stan_hughes	Read Replies (1) \| Respond to of 436258

I read something related to that on the Mogambo Guru -- By this time I am so bored by one more story of one more bunch of sleazy operators in cahoots with corrupt regulatory supervision that I am thinking "Yadda yadda yadda" and trying to stick my pencil in the ceiling just to keep from nodding off. I was yanked back to cruel reality when Mr. Grant said. "Specifically, under Basel II, a broker-dealer must set aside just 56 cents in capital to hold US$100 of triple-A-rated securitizations." Yow! Fifty-six lousy cents? Shocked, I am too, too, too nonplussed to comment, so I turn to Junior Mogambo Ranger (JMR) Phil S., who says that only putting up 56 cents to hold $100 in assets seems a bit much, as "That is 1/18th of the 10% stock margin equity required in 1929"!! Hahaha! The exclamation points were added by me, utilizing my awesome editing powers ("If there is nobody here to stop me by force, I can do whatever I want") to add that essential Mogambo Stylistic Flourish (MSF) to give it the dramatic emphasis that it truly deserves. About 4/5ths down the page here -- 321gold.com