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

To: Jim Willie CB who wrote (4669)	8/16/2002 1:05:25 PM
From: 4figureau	Respond to of 89467

;0) >>To:4figureau who started this subject From: 4figureau Friday, Aug 16, 2002 12:23 PM View Replies (1) \| Respond to of 980 Stock plunges a sign of worse to come Investment banks face derivatives nightmare, says critic >>Bill Murphy, a gold advocate, has long warned his subscribers about the dangers of a massive bank default tied to tricky interest-rate and bullion derivatives. J.P. Morgan Chase is the largest issuer of gold-linked derivatives in this country. The contracts are designed to help gold companies, central banks and others manage -- and some say mismanage -- the market for gold.<<