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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: exp who wrote (27331)2/6/2002 10:00:11 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 99280
 
JPMorgan is not a professional hedge house
they are a derivative casino much larger than the order of LTCM
but with more gutty gambling than modeled position placement

JPMorgan is Enron's criminal mentor
and this will be exposed eventually

I expect to see JPMorgan Chase to go bankrupt within 18 months
a BK of the size and scope of Enron
our US banks resemble the Japanese in more ways than we know or want to admit
not all banks, just the majors

we are not Japan for sure
but several major banks have debt tied to Banana Republics the world over, as well as other casino operations that are coming unraveled also
and the big debt has gone sour
with inextricably linked derivatives serving as a thornbush

/ jim