Catlover it was interesting to note that most thought Bear Sterns wasn't in financial difficulty . Did the CEO one week before they gave themselves to JP really lie or was he just living in denial as well ?
We can only hope the majors like comsec are ok and I'm sure they are but guessing most thought society generale was ok before they dropped 7 bill !
Guessing the Queen thought Barings bank was quite safe as well before Nic Leeson sent it bankrupt .
As Aurlies1 said it will only take 1 or 2 whales or bad director deals/management to send it to the wall . Note I think some directors on these smaller brokers are also traders so makes it interesting using segregated accts .
cheers ge ps; what becomes interesting with some of these smaller brokers when u are in a margin call posi u can't close your posi electronically and yet some of them don't have a night desk . lol
