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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (109789)	10/8/2002 10:51:25 AM
From: ChrisJP	Respond to of 150070

lol -- hey !! I like the new title to the thread !!! Surprised it didn't have a copyright symbol on it, lol. Gooooooooooooooooo DVID !!!!!!!!!!!!!! Chris

To: Jim Bishop who wrote (109789)	10/8/2002 2:18:31 PM
From: Aduke	Respond to of 150070

Nice new thread title! How about adding " or simply to vent your frustration"? We get quite a few of those coming through here. BTW - where's pilapir? lol! Aduke

To: Jim Bishop who wrote (109789)	10/8/2002 10:05:04 PM
From: Rocket Red	Respond to of 150070

Economy fuels another rise in problem loans By Gary Silverman in New York Published: October 8 2002 0:48 \| Last Updated: October 8 2002 0:48 Growing economic weakness has helped fuel a fourth consecutive annual increase in problem loans held by major syndicated lenders, federal regulators are set to report. The full results of the Shared National Credit review are to be released shortly but regulators said the underlying trends point to spreading credit problems for large lenders. Wall Street analysts are particularly interested in this year's review because of several recent earnings warnings from big banks, including JP Morgan Chase. The rise in problem credits was initially blamed on unwise underwriting decisions by bankers during the boom of the late 1990s. Bankers were particularly careless in lending to telecommunications companies. Regulators said this year's survey found more evidence that a slower economy is contributing to credit problems, meaning bad loans are popping up in sectors more typically affected by swings in the economic cycle. "You start to see a slowing economy," said David Gibbons, a credit-risk specialist at the Treasury Department's Office of the Comptroller of the Currency. "There is quite a bit of overcapacity out there in a number of different industries." The annual review examines large syndicated loans held by three or more lenders to make sure that problem credits are being properly recorded. Last year, the review found a 93 per cent increase in "adversely rated" credits. The total was a record $192.8bn but the percentage of problem credits overall remained below the levels of the early 1990s. Mr Gibbons said this year's rise was not as dramatic as last year's in percentage terms but that it was "still a big number in dollar terms." JP Morgan said last month that it expected its commercial credit costs would hit $1.4bn in the third quarter, reflecting "adverse developments" at telecoms and cable companies. The review is conducted by the Federal Reserve, the OCC and the Fede ral Deposit Insurance Corporation.

To: Jim Bishop who wrote (109789)	10/9/2002 1:49:50 AM
From: pilapir	Respond to of 150070

lol .. nice pic ahahahaha!

To: Jim Bishop who wrote (109789)	10/10/2002 3:12:10 PM
From: CIMA	Respond to of 150070

Subject: A Year From Now London, September 19 2003 (Reuters) Police used tear gas and batons to break up a mob of angry unemployed stockbrokers in the heart of the financial district as the FTSE100 slumped through the 500 mark to finish at 497.2. The brokers were demonstrating outside of the Stock Exchange building, demanding an audience with the recently elected chairman, James Fleming. When he failed to appear, the brokers began attacking the building and security staff with briefcases and what appeared to be rolled up social security forms. With unemployment in the financial services industry hovering at nearly 90%, the Government has ordered an inquiry into whether it is feasible to permanently retrain the growing army of brokers and other fallouts from the financial services industry. "It is very difficult though," said a spokesman. "It does ! not appear that they have any useful skills - legal ones anyway - which may be redirected to more productive pursuits." Brokers have become increasingly desperate as the equity market continues to slide and the war in Iraq enters its ninth month with little sign that US forces are making any progress. There was a brief 5-point rally in the market yesterday on news that Saddam Hussein had been captured, but it turned out to be another "look-alike." "We have now detained more than 300 men and 2 women who bear a striking resemblance to the Iraqi dictator," Colonel T.J. Muskrat of the 98th Rangers told a press briefing in Baghdad The oil price continues to hover at $US60/barrel as motorists began to adjust to the second week of petrol rationing. Commuters have also praised the introduction of rat-powered treadmills to tube trains. Meanwhile, many online employment web sites were inundated yesterday on news that Merrill Morgan Suisse Warburg Barney, one of the three remaining brokerages, was planning to advertise for a receptionist's assistant. Bill Pettigrew at Seekjob.com said brokers swamped his site and forced it off line for an hour. MMSWB later denied the rumour, and said they intended to continue with their recently announced program of staff cuts. Anthony Pope, a former client adviser at ABNAmroMorgans, said the news "perked him up even though I knew it couldn't be true." Yesterday's tentative market rally soon petered out and the market closed near its lows. An LSE spokesman said the reduced trading hours (10.00-10.30 am) appeared to be working well. The Nikkei descended below 100 for the second time in a fortnight, and the Bank of Japan was again the main buyer of stocks. It issued another 725 trillion yen of government bonds, with a coupon of 0.00003% per annum and! maturing when the sun finally sets on the Japanese empire