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To: tradermike_1999 who wrote (1331)	12/8/2000 12:16:51 PM
From: jim black	Read Replies (1) \| Respond to of 74559

There are times when the occasional realist is allowed on CNBC...Jimmy Rogers is on a ?2 year leave and once in awhile Bill Fleckenstein is allowed to speak. Hope others on this thread join me this am in sending e-mail to Bubblevision (Fleckensteins' word) to complain about the otherwise uniform mindless cheerleader mentality on that Sqauwk Box show and others later in day. It is only on this and Oil Drilling Services thread where reality is checked several times daily. Jim Black

To: tradermike_1999 who wrote (1331)	12/8/2000 8:01:02 PM
From: .Trev	Respond to of 74559

I was even more amused by the Yobo who was supposaed to interview the sheep and chicken cloning CEO on CNBC, but who clearly didn't know the difference between a hen LAYING an egg or "HATCHING" one. Where do they find these people?? You'd think that at least they would insist on Kindergarten Graduation as a minimum requirement.

To: tradermike_1999 who wrote (1331)	12/10/2000 2:40:36 PM
From: Scott Bergquist	Read Replies (1) \| Respond to of 74559

Turkey? What's the big deal?? From Prudent Bear: This afternoon, Moody's reported it saw an increase in credit card losses during October, as the write-off rate increased for the first time since February 1998 on a year-over-year basis. Also, today Bloomberg reported that so far this quarter Moody's commercial paper downgrades are leading upgrades by a ratio of 5 to 1. Interestingly, Bloomberg also reported today that U.S. Investors Hold $75 million of CP (commercial paper) Sold By Seized Turkish Bank (Demirbank). This was a special purpose entity - funding corp. - headquartered in the Cayman Islands. Or, as stated by Demirbank's U.S. attorney, Demir funding's sole purpose is to issue the commercial paper and on-lend the proceeds to Demirbank in Turkey. With Banc of America Securities and Chase Securities providing letters of credit for this $75 million program, Moody's assigned their top 'A1' rating to this paper. We have written in the past stating our belief that these funding corps' vehicles were financing risky credits through the U.S. commercial paper market, but loans to banks in Turkey? Is this appropriate for U.S. money market funds? Wow. little wonder that spreads between top-tier and second-tier commercial paper shot to records this week. This could provide an important catalyst for a needed reevaluation of the asset-backed commercial paper marketplace. Remember the LTCM debacle was a Danish-bonds thing...