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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (64173)7/8/1999 10:19:00 AM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
Mike, One problem with that is that nearly all of the banks reported "earnings" come from derivatives. So, if you stiff the counter party, and assuming that doesn't take the counter party under, how do you find a sucker to trade with you so you make money in the next idiot round? And, since many banks are national institutions, not private, you could get a trade war out of defaults.



To: Mike M2 who wrote (64173)7/8/1999 10:58:00 AM
From: Mike M2  Read Replies (2) | Respond to of 132070
 
To all, boston.com:80/dailyglobe2/187/business/Stocks_a_puzzle_for_Greenspan+.shtml I am tired of hearing that AG doesn't know what to do about the bubble. I have a suggestion engineer a decline to temper the speculative fever they seem to have no trouble engineering a rally in the markets. Mike


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