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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Link Lady who wrote (16558)	9/29/1998 6:10:00 AM
From: John Hunt	Read Replies (1) \| Respond to of 18056

Long-Term Has Claimed New Victim: Chinatrust nypostonline.com << But the sniping between the bailout partners has already begun, Wall Street sources said. Some of the bailout partners without representation on the oversight committee are concerned that those with a spot will turn that to an unfair advantage for all trading activity. Several bond traders pointed out that the six firms will know more than anyone else about the highly-secretive portfolio of bond positions accumulated by Meriwether and his 15 partners in the last four years. That could put them in position to short the exact positions that they know will soon be sold on the open market. Then, when the positions are sold, which would almost certainly drive prices down, these same traders could buy and cover their shorts, making a profit. >> Hard to trust the foxes, when they are in charge of the henhouse. < g > John