Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (6652)	9/17/2002 9:18:40 PM
From: SOROS	Read Replies (2) of 89467

JP Morgan "The brokerage said in a prepared statement Tuesday evening that it expects third-quarter commercial credit costs to surge to $1.4 billion from $302 million in the second quarter. The company also said that commercial nonperforming assets are expected to increase by approximately $1 billion, primarily because of adverse actions by several firms in the telecom and cable sectors, and a more negative outlook for other firms in these sectors." PUPLAVA'S predictions seem to be rearing their ugly heads. Wait until the mortgage bubble implodes and a high percentage of these loans begin to default -- banks left and right are going to be in major pain. I remain, SOROS

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