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Politics : Stockman Scott's Political Debate Porch

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To: abuelita who wrote (8810)11/5/2002 12:59:13 PM
From: Jim Willie CB  Read Replies (2) of 89467
 
agreed, banks from every major industrial nation
and most of the secondary nations
are getting cleaned out on horrendous portfolios

I focus mainly on US, Germany, England, Japan
but little critters like Canada must be watched
Argentina banks are dead
Brazil banks are next

I have come to learn that China banks are insulated, despite problems

we have a simultaneous banking/currency crisis unfolding
I expect a stock crash will join it
what fools, these institutions are here in bidding up stocks!!!

/ jim
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