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Non-Tech : Derivatives: Darth Vader's Revenge

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To: Worswick who wrote (61)9/9/1998 12:54:00 PM
From: Worswick  Read Replies (2) of 2794
 
Henry....like the cratered Japanese bank debt each time the figures have come out we have a doubling of the number.( eg. first the cratered assets were $125 billlion, then $250 billion etc.)

I know that clever fellow that you are Henry.... the only trend here is that it gets bad and then it keeps getting worse. "A trend once in motion...."

Shame. Shame. Shame on the world's financial guardians.

I'd like to see a list of the total exposure of these cratered Japanese banks to any derivative product traded in the financial markets. Instead we are in for Japanese water torture here.

Where in hell is Moody's and the other rating agencies?

That is something we will never see in this whole thing, however, the rating agencies being on top of this ongoing debacle.

People should ask for a refund from the rating agencies. In the financial services industry this may be the only money they make this year.

With best wishes-

Clark
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