Exact(14)
Why did not The Economist counsel raising margin requirements?
But raising margin requirements would be hugely unpopular.
He said raising margin requirements would not have mattered, although senior Wall Street hands like the economist and consultant Henry Kaufman had long urged him to do so.
In an unusual joint statement, Richard Grasso, chairman of the exchange, and Frank Zarb, chairman of Nasdaq, said member firms should review the type and amount of credit they extended to individual investors -- and should also consider raising margin requirements.
He also chose not to make it harder to buy stock on credit by raising margin requirements, calling this weapon a blunt instrument that would affect only small investors who could not maneuver around it, but nevertheless something that would "guarantee" elimination of the market bubble.
Senator Charles E. Schumer, the New York Democrat, suggested that Mr. Greenspan consider raising margin requirements on investors who buy stocks with borrowed money, as a way of reining in the stock market without putting jobs and improved standards of living at risk.
Similar(46)
That is what can happen when companies focus on raising margins, no matter what the impact on volume.
The answer is -- probably as much as a dollar a gallon, although it won't be quite as easy as raising margins in futures -- speculative oil money isn't as easily attacked as the bets being placed on silver.
Perhaps regulators should raise margin requirements for stocks.
CME also raised margin requirements on corn, crude oil, ethanol and other products.
But he has also said that he would not raise margin requirements to tone things down.
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