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

To: SliderOnTheBlack who wrote (19190)	9/19/2002 9:45:39 AM
From: Jim Willie CB	Respond to of 36161

shocked in last 24 hrs to witness widespread JPMorgo hatred I am referring to Wall Street, major press outfits, senior journalists, fellow brokerage analysts only to be echoed by media heads I was truly surprised to hear the uniformly acerbic comments directed at JPMorgo from numerous corners dont get me wrong, they deserve all of it and more they are now being labeled as deceptive, secretive, dishonest, bully, arrogant, corrupt, and not honest in their disclosure to shareholders the biggest theme was poor disclosure they dont break down their businesses with reported data they dont report squat on their derivative (unregulated) business I kept hearing "investors dont know what they are getting" they are a conglomerate financial whorehouse comprised of Manufacturer's Hanover (Manny Hanny), Chemical Bank, Chase Manhattan, and the core JPMorgan what a colossal failure the only sad part is that Chase was a sterling outfit they never should have conceded to the merger I believe the merger of Chase in the final amalgamation of titans was a defensive tactic devised so as to ward off serious derivative book calamity they were able to pool resources and capital in order to meet the strict requirements according to the CFTC AND NOW THAT CALAMITY IS HERE the Wall Street guys are not openly discussing the derivative events awaiting JPMorgo that is next ironically, these guys are all upset about events to date the best is yet to come all this negativism has profound implications on federal assistance and bailouts, since the public will not stand for rescue of a company steeped in Enron fraud (ongoing investigations) with blatant efforts in hiding debt (almost boastful) and thus deceiving investors out of $60 billion in good money the brick wall seen in the court ruling on Surety Claims is only icing on the cake, shutting down JPMorgo this rebuff only serves to continue painting JPMorgo as criminal bailouts dont happen when companies are seen as criminal end of story / jim