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To: Terry Maloney who wrote (114083)7/23/2001 8:41:27 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
there have recently been several glimpses of the tip of the iceberg...nothing major yet, a 60% jump in BAC's non-performing loans, a 10.29% credit loss rate at PVN...it's the old a billion here, a billion there, and soon you're talking about real money shtick.

remember WB's exit from FNM, cum unceremonious statement regarding the unfathomable risk?