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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: JHP who wrote (200192)	10/25/2002 9:11:32 AM
From: JHP	Read Replies (2) \| Respond to of 436258

Knighty cannot post from work any more he will be responding in the evenings and weekends

To: JHP who wrote (200192)	10/25/2002 9:12:17 AM
From: Les H	Read Replies (1) \| Respond to of 436258

that's more than the entire debt to those three countries and probably to all the emerging countries combined. this looks like an urban legend in the making. i saw posted everywhere yesterday afternoon.

To: JHP who wrote (200192)	10/25/2002 9:15:44 AM
From: Lucretius	Respond to of 436258

my neighbor at my apartment told me?? please... waste of space

To: JHP who wrote (200192)	10/25/2002 9:18:26 AM
From: Les H	Respond to of 436258

Fannie Mae scrutinized for accounting change msnbc.com

To: JHP who wrote (200192)	10/25/2002 11:07:47 AM
From: hdl	Read Replies (1) \| Respond to of 436258

These rumors seem farfetched. In the case of JPM-Chase the FRB and NYSBD would have primary jurisdiction over any such alleged failure to report problem loans. They would normally take the necessary supervisory actions to address the matter, which could include substantial fines and other penalties in the event of wrongdoing. On alleged criminality (fraud, etc.) the NY State AG would come into the picture upon referral to that office by the NYSBD. Similarly Ashcroft's office would come in on any criminal referral made by the FRB. Actions by the AG's (seeking indictments) generally are reactive to the wishes of the bank supervisory agencies and would be initiated only in extreme cases where supervisory penalties were judged insufficient or ineffective. Your neighbor's comments don't mention any bank supervisory agency actions, which always would be taken along with any criminal referral, thus, the rumors have a huge hole in them that reduces their credibility. In serious matters the supervisory actions would generally be announced publicly. Also, if we are at the point of AG actions, a very large secret has been kept for a very long time--likely well over a year--almost impossible on the Street.