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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (3003)	7/23/2002 1:58:46 PM
From: Jim Willie CB	Respond to of 89467

JPM just lost $30b in mktcap, Citi lost $8.8b (WOW) >>>>> JPMorganChase now balances a derivative pyramid with notional value of approx $25,000 billion (notional value equals the sum of each derivative contracts contracted asset amount e.g. silver contract has 5000 oz, thus $25k notional value) a $30b cut in their mktcap puts them in danger their assets in reserve will be of paramount importance here WE MAY BE SEEING THE EARLY STAGES OF JPMORGAN BANKRUPTCY these guys have taken hit after hit and their financial statements are as credible as Enron's they lost with ... Argentina default KMart default Enron default WorldCom default and probably many more, but smaller big World Class Casino has weeks or months to live talk about a banking crisis !!! / JW