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To: pater tenebrarum who wrote (52774)	7/22/1999 6:56:00 PM
From: Robert	Read Replies (3) of 86076

Yep. I truly fear an apocalyptic-type outcome if the Japanese FSA whacks CSFB. The logical sequence: (1) Japanese FSA revokes CSFB's license on these bullshit grounds; (2) Western financial institutions and investors are shocked and scramble to get the hell out as quickly as possible, and cease all trading activity with Japanese institutions that is remotely derivative-like in nature; (3) Japan becomes an outlaw nation, financially speaking, and plunges into an economic depression; (4)the rest of Asia is dragged down with it; (5) last fall times 100 hits our financial markets, at a time when we are already extremely vulnerable . . . Well, you all get my drift. Fucking scary stuff. (scary enough for me to avoid using asterisks) Let's all hope the Japanese do the right thing and this all goes away. Unfortunately, I am not that hopeful. -- Robert

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