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Politics : Stockman Scott's Political Debate Porch
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To: Clappy who wrote (6675)9/18/2002 10:10:10 AM
From: Jim Willie CB  Read Replies (1) of 89467
 
JPM: ever stand in front of a breaking dike?
if JPM is forced to begin partial liquidation of its monster derivative book, further realized losses will be booked
so far, JPM has done well to keep their losses "offbook"
I doubt this will continue much longer
derivatives may be marked to market, but they are not seen on balance sheets or earnings reports until they are closed, booked, and final

you are playing with AutoBahn Traffic passing at 150 mph
/ jim
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