Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (62786)	7/27/2002 12:13:55 PM
From: SusieQ1065	Read Replies (1) \| Respond to of 208838

JPM’s derivatives book is almost two and a half times as large as the entire US economy! I can scarcely conjure up a more frightening scenario for the global financial markets than a humongous $23.5t inverted derivatives pyramid rapidly unwinding and perhaps imploding if it spins out of balance if systemic confidence and trust in JPM fail due to its abhorrent recent activities! A US Congressional firestorm is brewing. It is an election year. The supercycle bear market bust is well on its way to utterly destroy the savings of a whole generation of American investors. Americans are furious and want to see arena bloodsport ending in death for anyone they perceive to be even remotely related to the corporate criminals which they believe defrauded them. I have never witnessed such an insatiable bloodlust and naked rage amongst the American populace regarding the financial markets. Heads will roll, because Hell hath no fury like a politician in an election year! And along comes the House of Morgan, its name suspiciously popping up in virtually all the major corporate scandals in the States. According to US Congressional investigators, JPM designs and aggressively markets financial structuring explicitly designed to remove bad stuff like debt from balance sheets so investors will be misled and not know the true financial condition of the companies in which they have placed their precious capital at risk. Will JPM, rightly or wrongly, be perceived by Congress as the common denominator in the widespread corporate frauds, the giant spider at the center of the web selling the corporate crooks the very weapons used to defraud their investors? Is JPM the ultimate financial arms dealer in the dirty war against American investors? **thanks for that article, Dale....we'll keep our eye on JPM...important to monitor this one....something quite wicked brewing here..