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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Raymond Duray who wrote (15105)2/16/2002 10:24:47 PM
From: LLCF  Read Replies (1) | Respond to of 74559
 
I'm amazed that more isn't being said about counterparty risks with all the derivative trades.... JPM has Trillions on it's books and seems to have loan risk to every bankrupcy announced in the past month. Hope those netting agreements work or there will be absolute mayhem <NFG>

DAK



To: Raymond Duray who wrote (15105)2/17/2002 1:39:43 AM
From: smolejv@gmx.net  Read Replies (1) | Respond to of 74559
 
...and they are buying the insurance from someone who is essentially writing naked, out-of-the-money puts on the economy.

Bingo.