Opes Prime, the Melbourne-based broker currently causing so much strife in the share market. The company was in the “equity financing and securities lending” business. On the retail end, Opes was basically a margin lender to clients, only instead of posting cash as collateral against the loan, the client puts up his entire portfolio as collateral.
March 31st, 2008 | Dan Denning | 3 comments | Continued Our DR Global Editions: 
Friday, December 05th, 2008
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The Markets
All Ordinaries Id 3452.20 -15.90
S & P/asx 200 3516.90 -15.50
Nzx 50 Index Gros 2734.80 +4.12
DJIA 8376.24 -215.45
NASDAQ 1445.56 -46.82
S&P 500 845.22 -25.52
Ftse 100 4163.61 -6.35
2008-12-05 19:51 Most Comments
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At this point, who gives a s---. They've messed up everything. if money destroys itself, people will still ...
Mireille | 5Dec08 | More -
"There is no shame in going bankrupt. There is only shame in being owed money by a bankrupt": ...
Coffee Addict | 4Dec08 | More -
Chris (if you read this) T.Boone's book may make an interesting Christmas pressie. Clearly, LNG and LPG will ...
Coffee Addict | 4Dec08 | More -
Well, first we have to realise that the boom cycle is very long, eg the last one in US lasted ...
Kanwaldeep | 4Dec08 | More -
From everything I understand Hal gold has been artificially devalued and the final control mechanism to be used will be ...
Drew | 4Dec08 | More -
Don't hold back now,say what you really think.
Dennis | 4Dec08 | More -
Nothing to get too worked up about regarding commercial real estate. I suspect the "bears" will drag out the usual ...
Greg Atkinson | 4Dec08 | More -
So now these sick bastards are buying their own bonds to force down the yields. No wonder the Chinese Sovereign ...
GaryB | 4Dec08 | More -
The cause of all of this in one short phrase:
A corrupt legal system.
Jon Bain | 4Dec08 | More -
Maybe investment in shares in the companies that make the ink and paper and of course the spares, for the ...
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At this point, who gives a s---. They've messed up everything. if money destroys itself, people will still ...
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