Monday, January 22, 2007

Regulatory Insanity

Sheesh. I just heard that regulators intend to let hedge funds - beefers - trade ETFs with 85% leverage, vs. the traditional 50% margin. That is absolutely nuts. These beefers are going to use it to smash sectors down and manipulate stocks. Whoever is doing this is a fool or knave or both. Grrrr.

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