The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: jimmg who wrote (76462)	12/22/2006 3:55:39 PM
From: Mike Johnston	Read Replies (1) of 110194

Nobody has asked anyone to bail out insolvent debtors. It's possible that may happen but before it does, the equity holders of the banks will get wiped out first. Short the banks if you think this will happen. You'll be so happy with your short sale profits that you won't care about the bail out. Wrong !!! The insolvent debtor bailout is happening as we speak, it is called inflation running out of control. Don't expect a repeat of early 90's with Bank of New England fiasco. The bailout will take a different form. In all likelihood you will be wiped out shorting banks. What good shorting JPM did in 2002, when it was bailed out ?

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