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Hello Sean,
SOT> If we are to assign blame to others in this case, we should really be
SOT> looking at Refco too. The CME called Refco for margin, not Victor.
i belive refco is nothing more than the American Air (for those vets
who know) of the clearing firms. Yes the company store, a covert
government backed vortex which all the failed firms are sucked down.
knowing that such should be done quickly and quitely as not to
undermine the confidence of john q public.
SOT> They
SOT> had to know they were killing the goose by forcing his hand. Perhaps they
SOT> should have leant him the dollars to meet the call. Either way, he was
SOT> playing too big for his bankroll and if anyone knew what the exchanges are
SOT> capable of, it was Victor.
how true vic knew - and if he forgot he now remembers i bet.
SOT> Sean
--
Best regards,
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