VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: BirdDog who wrote (45827)	1/4/2002 5:32:13 PM
From: Sully-	Read Replies (1) of 65232

How does one hedge for $142 Billion in loan defaults? Sounds to me like the unspoken here is it will have little effect because Pro forma allows them to pretend it was a one time event, so it doesn't count against earnings. Unfortunately, these banks are not receiving interest payments...... millions of dollars per month....... this money can no longer be put to work.......... most likely these loans will be restructured &/or written off.......... all those losses mean there is less capital to put to work........ How can they say there is no effect???????????????????????

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