From rws at comserver.canberra.edu.au Sat May 8 23:06:09 1999
And he was then talking about 1987, whereas now, hundreds of
thousands of traders have their nesteggs (not to say borrowed
money) in stocks.
[ ... ]
I'm sure the stats don't exist with which we can determine how
many of 'em are Ponzis and how many of 'em are playing with
their retirement independence.
I think it's important to note here that retirement accounts aren't eligible for margin loans; so we should be careful to distinguish those high-rollers who are margining their way through life and those who are gambling their retirement savings. At least in the retirement accounts they can't lose any more than they had :)
/jordan