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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: patron_anejo_por_favor who wrote (224121)	2/26/2003 5:46:52 PM
From: Secret_Agent_Man	Read Replies (2) of 436258

Greenspan Says No Bank Too Big to Fail Wednesday February 26, 11:22 am ET WASHINGTON (Reuters) - Federal Reserve Board Chairman Alan Greenspan said on Wednesday that no U.S. bank was too big to fail, but that federal authorities have to move more cautiously when liquidating assets of large institutions. "I agree that there is no such concept of too big to fail," Greenspan said in answer to questions before the Senate Banking Committee. "What there is, however, is that very large institutions will be liquidated slowly." "So the time issue is the question here, not whether an institution is ... too big to fail," he said. -END- (Perhaps the end of JPM will be when their 26 trillion derivatives book blows up!)

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