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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (41968)9/18/2001 10:42:20 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 65232
 
yes, remove their financial access
but this will lead to bombing inside Switzerland
very soon

a good college friend works for an American reinsurance firm
talked with him last night
their company has parent MunichRE
loss to the American subsidiary is a cool $1 billion

we concluded that the terrorist conflict will take turns
and the financial world will be targeted
sure, World Trade was a financial target
putting the country's economy on notice and into paralysis was an objective

but imagine if/when banks are bombed?

already now Swiss and German officials are freezing assets
the US is doing the same where it can
this will invite retaliation toward banks

the next round will not involve jet airplanes
just simple C4 explosives
my friend's wife expects biological attacks with water supply

getting almost exactly nothing done at the office since Tuesday
nor are many colleagues
/ Jim