everyone on hc close your anz accounts tomorro, page-31

citndale

Could not have put it better myself - it not about how good a trader/investor you are or about blue chips v's Specs (which incidently blue chips have taken a battering and ask yourself why?)

Sacd

Have you not read what has happened in the US and why? It is all down to the Banks and Financial Institutions and their GREED & POWER (nevermind the SEX LOL)

BTW - ask yourself like this journalists how much more is to come out of the woodwork?

http://business.smh.com.au/if-an-unknown-broker-can-lend-1b-how-much-more-is-out-there/20080401-22rs.html

Excerpt:

In recent months, we've witnessed a large number of high-profile business leaders selling large lines of stock in their companies, either at the insistence of their banks or to ward off a potential crisis - a situation mirrored at all levels. If a relatively unknown stockbroker can dish out more than $1 billion in loans, how much more is out there?

If you think we are out of the woods now - you had better think again...............