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The problem was a trader bailed on 11 million in bond futures, at the same
time same time there were some jap yen problems in the millions from another
trader went sour. The debts are collectable, and they hit the early warning
make of 6%. They took care of the problem and bonds went in the firms favor
to help out. Everything is OK if it was not they would be closed the next
day, and the next day has past. You will never hear of a firm going under
ahead of time. Just like the news will never tell you the reason the market
is going up or down ahead of time. mb
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:LFG Customers,
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:I just got of the telephone with Mr. CW "Corky"Anderson Senior Vice
:President of LFG and it seems there was a problem but its over. I sent him
:and e mail and told him about this list and he is going to address the e
:mail and forward it to this list describing the problem and its solution.
:
:Robert
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