Question for Gordon Gecko : LUSENET : TimeBomb 2000 (Y2000) : One Thread

"(R)ead today that Ashanti's (gold mining firm) counterparty forgave its hedge book margin calls for three years! Have you ever heard of something so absurd and artificial.

"Here's a trading company that gets a competitor over the barrel for millions, a mining company.., virtually allowing them to take the keys away from the owners and they walk away! You wait your whole life for an upside like that and these guys walked away. Trust me, it wasn't their idea." ("No Panic in Wall Street" posting of November 2, 1999 by Gordon Gecko,

I think I know whose idea it was, but I'd be curious to know your thoughts on the subject.

-- Not Whistlin' Dixie (, November 03, 1999

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