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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: terry richardson who wrote (19154)	9/18/2002 4:31:59 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 36161

gonna be a long long long battle but I will take skirmish victories like yday/today versus that bloated pig JPMorgo JPMorgo is like a monster with 18 legs balancing a $25 trillion pyramid of derivatives atop its shoulders in the last couple years, about 6-8 legs have been kicked out Enron debt loss Global Xing debt loss KMart debt loss setbacks in the courts over Surety claims S&P corporate debt downgrade Latin American debt losses lost IPO investment banking profits upcoming lawsuit liabilities (open ended) commodity trading losses (uncertain amounts) this monster is missing some big legs each subsequent loss will be more damaging than the last how much exposure to dangerous deadly MortBacked Securities here ??? how much exposure to reversal of 10-yr Trez yields here ??? how much exposure to continuation of USDollar decline here ??? how much exposure to gold miner hedgebooks as counter-party here ??? THIS PIG IS DESTINED FOR A LUAU OPENPIT BARBEQUE / jim