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Politics : Stockman Scott's Political Debate Porch

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To: Sully- who wrote (5872)9/9/2002 11:10:53 AM
From: Jim Willie CB  Read Replies (3) of 89467
 
I believe BankofAmerica is already dead
it is being killed by two things
1. hidden losses from unregulated derivatives
2. widespread credit losses by huge clients

they requested Fed bailouts in early August

the derivative monster is exactly what Buffet calls it
"SEWAGE", but yet what I call it, "FINANCIAL NUCLEAR WASTE"

hey, Steelers are 3-pt faves tonight
perfect weather here, high 80's with clear sun all day
I am in the Middletown Rhode Island pubic library
lots of curlies on the carpet
/ jim
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