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Margin increases by large banks fueling market declines

Submitted by frewils on Fri, 10/10/2008 - 12:41
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"It seems that the major catalyst for this selling is the fact that the newest large banks primarily J. P. Morgan, Goldman Sachs, and possibly Morgan Stanley as well -- have issued massive margin calls to hedge funds and other professional traders who use these banks as prime brokers."

http://jessescrossroadscafe.blogspot.com/2008/10/margin-call...

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Party like its 1929.

Submitted by WRellim on Fri, 10/10/2008 - 13:08.

Only thing I don't "buy" is that this is arbitrary.