As may have already been pointed out, he should have been reigning in margin rates on stocks. To have allowed the same 50% margin during the near straight-up run-up in stock prices since the beginning of '95 was a very negligent move. It is one of the basic tools that can be used as a governor for the mkt. Of course that would limit the "distribution" that takes place near mkt tops---all for the retail public's benefit...
-Steve Grube
Carl Remick wrote: < partial quote >
>
> "There's no question that any number of economic forces are beyond AG's
> control..... "
>
> Carl
> _________________________________________________________________