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To: sun-tzu who wrote (121838)9/14/2001 4:03:01 AM
From: oldirtybastard  Respond to of 436258
 
sure seems like a hasty reaction, time to buy the banks because they will finally have the bankrupt companies on their books? please

I see 2 scenarios there

1) everyone knows the shit hits the books eventually and the bad loans and who has exposure is pretty much known and priced in, and the bottom is near

2) they are in an even deeper state of denial than the clowns here and are waiting for I don't know what to save their submarined positions (spin? lol)

I vote for #2