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To: IceShark who wrote (32607)	10/31/2000 12:13:35 PM
From: Lucretius	Read Replies (1) \| Respond to of 436258

I think this needs to fall apart tomorrow, or we are in real trouble...

To: IceShark who wrote (32607)	10/31/2000 12:26:27 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 436258

a recent quote from the rap bears repeating: <<Today Colin had some thoughts that amplified some of the points that I've been making about potential for financial institutions to produce some large and unpleasant problems: Money center banks have evolved into junk bond/emerging market/venture capital funds with huge overheads run by idiots who think they're 11 feet tall, bulletproof and invisible. The too-big-to-fail doctrine will soon be tested and folks will be surprised how big a bank can be and still fail. These dopes were warned by the Fed post LTCM to reign in their risk-taking and start asking skill-testing questions of potential borrowers. They have not done so. Every report from the Fed and the controller of the currency has strongly suggested they continue to ignore prudent provisioning for risk. The day is fast approaching when one or more of them will pay the ultimate price for hubris.>> yup...the piper WILL be paid...