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Non-Tech : LEH LEHMAN BROTHERS

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To: Philip Armstrong who wrote (266)9/25/1998 6:08:00 PM
From: john griffin  Read Replies (2) of 315
 
How much impact will the hedge fund problems have on the bank?
LTCM is the hit we now know about, are there anymore?
Is the bailout complete on LTCM or will they have to pay more?
The banks in Japan have problems, is any of that connected?
Have you seen the Japan report(just out Sept26) that says if they reorganize the banks, they will only need $2 trillion. If this is done are the derivatives just dropped?
The US was critical of Japan for putting banks together to correct losses, now the Fed has done the same with LTCM.
Sorry for so many questions, but I am trying to figure out if the banks are a good buy now, or are there so many hidden problems that they will go under.
All the best--John
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