Message 24395992 << - Bear Stearns is in real trouble. Forget about their shitty portfolio. They're losing clients in droves from what I heard. That is, Hedge Fund A has two prime brokers, say Goldman and Bear. They're all moving all their positions to Goldman only at the moment. Bear is losing out big time from what I hear>>
... turned out to be close to the truth, now that a bailing action is called for and answered, whereby JPM and its 45% owned subsidiary, the Federal Reserve, is stepping up to put a bandaid on the gushing artery, in hopes that the fraud can continue, knowing full well that the tab will be picked up by J6P.
I wonder what happens when a foreign counter-party fails, like mentioned here as a potential Message 24400871 <<rumors in hk is that a large bulge bracket swiss financial house will go under, because of losses, and the institution employees leaving in droves, and ... get this ... the institution supposedly back-date allocated its proprietary losses into the discretionary accounts of clients>>
recommendation: buy 3-6 months t-bills, and get your name on every single scrap of paper at any and all institutions that does discretionary accounts, holds co-mingled funds;
buygold, physical and paper
buysilver, same same
chugs, tj |
