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To: hobo who wrote (10526)	4/20/2001 12:58:06 PM
From: John Pitera	Read Replies (1) \| Respond to of 10876

certainly... there have been rumors about Goldman and problems with their credit book/ bond positions and it could be related to the concerns south of the border. I saw figures today that bank deposits held in Argentina have decrease by 40% in the past 2 months..... obviously concerns about currency devaluations. Goldman was out today talking about the situation.: 11:29 ET Argentina Woes : Goldman Sachs squawks that financial situation in Argentina could continue to get worse as no US help is expected and Argentine consumer confidence is deteriorating thus threatening a run on the banks. Says that recently appointed Finance Minister Cavallo has not proposed significant spending cuts, thus increasing the default risk, and has also exacerbated fears of a peso devaluation by talking about changing from a 1-to-1 dollar peg to a peg vs a basket of currencies.