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To: Cynic 2005 who wrote (14238)	12/31/1998 8:36:00 AM
From: accountclosed	Read Replies (1) \| Respond to of 86076

do you have a link to that story?

To: Cynic 2005 who wrote (14238)	12/31/1998 8:48:00 AM
From: Defrocked	Respond to of 86076

Appears to be headline hyperbole, the actual amount is $10.3 million dollars. John Park, an independent trader, apparently bought 9,000 bund contracts at LIFFE but only had margin enough to the losses on 940 contracts. Oops, somebody at his clearing firm, Griffin Trading, wasn't minding the store I'd guess. LIFFE will sort this out eventually and a few undercapitalized firms may go under.