P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: exp who wrote (7391)	9/18/2002 9:09:51 PM
From: ajtj99	Read Replies (3) of 30712

I don't see how the demise of JPM will wreck havoc. Nearly all of Japan's banks are insolvent. This is one bank with $10-share in cash on their balance sheet. Their derivative exposure is probably sufficiently hedged to protect at least a portion of that cash. Shareholders will probably all get screwed, and they should realize as much now. The US will probably take JPM into federal hands like the S&L's to keep things from going into bedlam. Sure, they're a behemoth, but I don't think it will cause a financial collapse or panic. It will hurt the BKX, that's for sure.

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