SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Naked Truth - Big Kahuna a Myth

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Cynic 2005 who wrote (80524)12/20/1999 4:55:00 PM
From: pater tenebrarum  Read Replies (1) of 86076
 
i haven't looked at MWD's finanshuls and have no opinion therefore...but i know that the Morgan guarantee trust is the biggest holder of derivatives in the U.S., and somebody has to sit on all those unrealized losses from Freddie's and Fanny's hedging. of course the contracts don't have to be marked to market. sort of like the Japanese banks with their non-performing loans.
once this particular party on WS ends, the banks and brokers could really be in trouble...perhaps some subconscious fear of what might happen has entered the minds of 'investors'...see the weakness in the e-brokers in spite of record volumes on the NAZ.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext