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Non-Tech : Shorting the Big Banks (e.g. JPM, BT, CMB, CCI)
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To: HiSpeed who wrote (80)9/9/1998 8:26:00 PM
From: Logos  Read Replies (3) of 268
 
What about other banks?

The four big banks in the thread title have already been hammered and their options are already very richly priced. What about other banks, like BancBoston and BankAmerica? Is there a way to get their exposure to Latin America?

I'm sure I'm merely stating what a lot of people on this thread are thinking when I say that the next big battleground will be Latin America. For the banks, Russia is history, they've already most of whatever money they had there, and market has pretty much written the remnants off. But they haven't started to lose big money yet in LatAm (except if they bet on the stock markets). So in the coming weeks, whenever news comes out like Moody's downgrading some other country's debt, the banks will get hammered. How do we find out how much exposure each bank has to Latin America, and what form this exposure takes. Sovereign loans to Chile, for example, are a different game from loans to Venezuela, and then there's dollar-denominated versus local currency loans.

What about Eastern Europe? Haven't heard much in the news from that neck of the woods. It seems hard to believe that they didn't indulge themselves in borrowing easy money from over-ambitious western bankers. Is it possible that they will escape the folly of Asia and LatAm (and the US consumer)? Thanks much. Geez I feel bad about taking advantage of other peoples' misery.

Logos
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