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Non-Tech : Raptor's Den -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (1996)	7/23/2002 4:29:00 PM
From: velociraptor_	Read Replies (2) \| Respond to of 10157

Depends on the amount of derivative and credit exposure each bank has. Some like JPM are going to be in deep doo-doo soon and run the risk of financial collapse due to overexposure. I read something about the 20 level being critical in JPM before forced selling of derivative exposure occurs for them and that likely means taking a loss on a lot of stuff at this point. Selling begets selling as the financial pyramid built over the years now works in a reverse liquidation.