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Strategies & Market Trends : Strictly: Drilling II

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To: SliderOnTheBlack who wrote (14672)8/16/2002 1:46:32 PM
From: Jim Willie CB  Read Replies (2) of 36161
 
a bailout of JPMorgo would require similar bailouts
Citibank
Goldman Sux
Morgan Stanley
Banc of America
and how many regionals (not into gold game) are in trouble?

I see the whole bunch in trouble simultaneously in upcoming months
each is bail-able, but not the entire gang
this will end up as the biggest Chapter 13 BK in History
RESTRUCTURE

the remaining question comes to ...
WHAT HAPPENS TO THE NAKED GOLD/SILVER SHORT CONTRACTS ?
e.g. futures, puts, swaps, exotics
gauranteed to involve some workouts

next up on the BUTCHER BLOCK: insurance companies
they are staving off their day of reckoning on massive losses
from WTC claims, from investment accounts, from lawsuits
they have only a couple months left, from what I hear

/ jim
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