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Strategies & Market Trends : Waiting for the big Kahuna

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To: Real Man who wrote (79937)	4/6/2008 6:42:31 AM
From: Real Man	Read Replies (3) of 94695

It's comforting to know that systemic gap risk from Bear failure as a counterparty on its 13.4 Trillion notional derivatives positions was estimated by qualified professionals to be 400 billion, all the Fed has left on its account to backstop the meltdown, so these positions were backstopped by JPM before they could blow up -g- Then there is Citi, with 38 Trillion notional, LEH, and quite a few others, and the mortgage meltdown continues ...

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