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To: Real Man who wrote (363018)3/19/2008 5:42:18 PM
From: stan_hughes  Read Replies (1) | Respond to of 436258
 
The draining is actually neutral if you're a big shot and have access to all the other windows, but hedge funds as one example don't have those borrowing privileges -- they have to rely on the good graces (and loans) from those banks who do have access, and unlike before, there aren't many middlemen around to turn to these days either -- no one wants to carry for anybody else

So who hasn't been playing ball well with the other kids lately? That's how Bear Stearns got voted off the island last week

Must be rather stressful if you're a hedge fund manager and you suddenly realize that you never returned that lawnmower or that socket set that you borrowed last summer from the bank manager who lives across the street -- now he's going to be able to get you back by upping your margin or calling your lines



To: Real Man who wrote (363018)3/19/2008 6:03:57 PM
From: NucTrader  Read Replies (2) | Respond to of 436258
 
All I know, in the immortal words of my first cousin daytrader, the Electrical Engineeer with his Harvard Law Degree : "It was an ugly day for the bulls..."