Business & Finance: Capital Binge

Shortly before noon one day last week, a young man named Mickey Margoles posted himself outside the door of a large radio store at the corner of 11th and F Streets in downtown Washington. There he sat, or stood, throughout the day and night, while others queued up. Margoles was provided with coffee, sandwiches and a sleeping bag by fraternity brothers from George Washington University. When the store opened at 7 a.m. the following day, Margoles darted in, gave a clerk $57 and got a 16-in. demonstrator console television set (normal price: $199) for...

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