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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?

To: Henry Volquardsen who wrote (419)	10/6/1998 3:00:00 PM
From: Sam	Read Replies (1) \| Respond to of 2794

Henry, "The source of that leverage is large financial institutions and it would be possibly to effectively control hedge funds by exerting capital controls on the banks. I am not advocating this just pointing it out as a potential control lever." And that is exactly what Alan Greenspan said in his testimony to Congress on the subject. Of course, I doubt if many of those august Members understood what he said. But never mind. They have more important pants to put their hands in. Of course, then the problem can be that any determined fund might go to, e.g., Panama, the Bahamas, or some other unregulated off-shore financial institution to get their leverage. But in the ripeness of time, those financial institutions may well, if there is justice in the world, be wiped out.