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Non-Tech : Derivatives: Darth Vader's Revenge

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To: Henry Volquardsen who wrote (63)9/9/1998 1:48:00 PM
From: Worswick  Read Replies (1) of 2794
 
Good. Good for you Henry. Did you notice the short term paper rate today for Mexico? Up 1,000 basis points in one day. Ugh.

I sent off an enquirry to Moody's... apprising them of my worries.

I am certain I will get an informed, prompt and detailed reply to my concerns.

I am getting that sinking feeling that I am Chicken Little or maybe I have just wandered off the Texas landscape into the Alamo... just to ask for directions and a drink of water.

Is it possible that Fuji Bank has such an exposure to derivatives? That this isn't a typo? 418 trillion yen????

My best to you,

Clark
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