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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (58513)	1/17/2001 10:37:31 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

most of the banks, IN SPITE of the fact that they are the most adept sector at pretending in their earnings reports that everything's o.k. even if it isn't, reported disappointing results due to mounting trading and loan losses (JPM earnings dropped by 65% due to trading losses). that's the tip of the ice berg....currently, official estimates of dud loans in the system run to $100 billion...within a year this figure could balloon between 5 to 10 fold, creating an endemic liquidity and solvency crisis on a par with Japan's.