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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Joseph G. who wrote (29708)10/1/1998 9:15:00 AM
From: j g cordes  Respond to of 94695
 
And.. planes have seat belts. Banks are in derivatives to hopefully make money based on financial models that give a good probability of return. When those models are blown up, the hedging falls apart. Not all banks participate or have been caught with their drawers open.