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Politics : Stockman Scott's Political Debate Porch

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To: Sully- who wrote (3254)7/25/2002 3:23:37 PM
From: Jim Willie CB  Read Replies (2) of 89467
 
WOW, Moody downgrades JPM while Citibank highly recommends
do you detect a disconnect ?
how much more in borrowing costs does this result for JPM ?
it affects their bond rating and yield, I think

so the moneycenter banks (which have big InvBanking) are now on a campaign to prop each other up

I smell a real lousy odor in US banking
Moody's mentions "wholesale banking portfolio"
I suspect this is foreign govt debt, e.g. Argentina, Brazil

nice news hound work, Tex
you are almost as good as Ruffian (he is without peer)

thanks to all yous guys for great news hound work
we all need to pitch in, and ScottStock to slow down
<g>

wondering if I should begin some kind of PANIC METER
it would read now 2 on a high of 10
/ jim
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