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


To: robnhood who wrote (33912)11/18/1998 8:02:00 AM
From: Hawkmoon  Read Replies (1) | Respond to of 94695
 
rrman,

That is only half the story. Chairwoman Born has been pressing for CFTC regulatory oversight and control of the derivatives market and she has p*ssed off Arthur Levitt, Alan Greespan and Robert Rubin with her obstinence.

There was an article on her and the battles she has waged with the SEC, the Fed and Treasury in a recent Washington Post.

So now here we have an article trying to blame her for LTCM when the banks that permitted that kind of leverage (gearing as they say in the UK) are the ones who should have known the risks they were taking.

And who is responsible for overseeing the banks??

Hmmm....

Regards,

Ron



To: robnhood who wrote (33912)11/18/1998 9:30:00 AM
From: Haim R. Branisteanu  Respond to of 94695
 
rrman, thanks so what else is new?? WS brokerage received also information on LTCM position and that AG will lower rates again if they will step up to the plate.

More interesting were the pair positions and volatility capture position.

Until recently I was thinking insider trading is a federal crime now I know it is selectively so.<ggggg>

BWDIK

Haim