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To: stockman_scott who wrote (6032)	2/7/2002 11:14:45 AM
From: Sig	Respond to of 13815

<<BANK'S $29 TRILLION DERIVATIVES BET IS VERY RISKY >> Scary, very scary. I know the local bank once sold my mortgage to another bank which bought mortgages who in turn sold it to a bank which bought bundles of mortgages, issued stock, and sold it to the public. But you still made payments to the original bank. No way to describe it other than devious pyramid scheme Would think they would learn from LTCM, over $100 bil at risk, and a group of bankers assembled to save what they could of the remmnents. Not sure if the government got involved. OK. so JPM is a bank, for crying out load, THEY know what they are doing even if their average IQ is maybe 1/2 that of the managers of LTCM You wanna buy a bridge? Sig