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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: stockman_scott who wrote (35486)	4/7/2001 9:08:09 PM
From: Jim Willie CB	Read Replies (1) of 65232

I also see big big trouble in the banking sector this time no clear LTCM to bail out the whole team of money center banks are in trouble the causes have to do with bankrupt businesses and many more businesses with declining balance sheets and then you have the derivative losses from big banks e.g. Morgan Chase has $600M in loans out to ailing LTV Corp they are the basket case steel maker LTV has a request for another $225M do you think LTV will receive it? plenty of other more viable sectors are ailing besides steel just an example watch Inktomi in the next few months for a strong clue they have something to offer in assets, unlike LTV unless you want an antique blast furnace trivia: what do 25 Steel Companies have in common, all of which went bankrupt since 1970 ??? answer: all were hamstrung by US Steel Union / jim

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