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Pastimes : All Clowns Must Be Destroyed

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To: SeaViewer who wrote (38930)6/10/2000 12:01:00 AM
From: pater tenebrarum  Read Replies (3) of 42523
 
Jeff, buying banks at the tail end of a long economic expansion is probably not a good idea. in recent years the quality of credit has deteriorated markedly and the banks exposure to systemic (i.e. counter party failure) risk via derivatives is immense.

of course there's the implicit Greenspan bail-out guarantee...but when the big quake strikes, that will be worth jack-sh*t.

good night!
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