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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (45985)	6/9/1999 6:29:00 PM
From: MythMan	Read Replies (1) \| Respond to of 86076

How does HE know? -g- >>Folks should remember that there is a massive amount of derivative exposure and interest-rate swaps out there in the banking system. If we already hit an iceberg, it would not be impossible to hit one in the form of a derivative-inspired, interest-rate debacle. We've seen the derivatives go off when Asia and Russia blew up, and I guarantee you we haven't tested all of them yet. Somewhere along the way we're going to see a real wipeout based on derivatives, whether it is in fixed income or equities.<< stocksite.com