Monday, June 21, 2010

Broker Confidence

I found it interesting today when I read an email from my brokerage firm stating the following:
"We currently require a minimum of $10,000 in marginable securities or cash in order to maintain uncovered equity options positions in your account, and $25,000 in order to maintain uncovered index options positions. Effective June 23, 2010, we are lowering the minimum equity requirement for maintaining either position to $5,000."

The "cheap credit monster" just won't die!  "Please, please go more in debt!  Take more risk!"

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