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Path: utzoo!watmath!clyde!burl!ulysses!mhuxr!mhuxt!houxm!ihnp4!pesnta!hplabs!hp-pcd!john
From: john@hp-pcd.UUCP (john)
Newsgroups: net.invest
Subject: Re: E F Hutton
Message-ID: <33700007@hp-pcd.UUCP>
Date: Wed, 12-Jun-85 16:31:00 EDT
Article-I.D.: hp-pcd.33700007
Posted: Wed Jun 12 16:31:00 1985
Date-Received: Thu, 6-Jun-85 07:10:46 EDT
References: <11185@brl-tgr.UUCP>
Organization: Hewlett-Packard - Corvallis, OR
Lines: 18
Nf-ID: #R:brl-tgr:-1118500:hp-pcd:33700007:000:470
Nf-From: hp-pcd!john    Jun  3 12:31:00 1985

<<<

   The reason that EF Hutton was caught was because some small bank had the
audacity to bounce one of their checks simply because they didn't have enough
in their accounts to cover it. (I think it was for around $8 Million). Furthur
investigations revealed that this was happening on regular basis and that most
banks would honor any such checks knowing the EF Hutton would soon be 
depositing enough money to cover it. 





John Eaton
!hplabs!hp-pcd!john