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


To: loantech who wrote (8664)10/31/2002 5:16:25 PM
From: Jim Willie CB  Read Replies (4) | Respond to of 89467
 
right, JPMorgan is the mentor for Enron criminality
JPM wrote the book, and was in league with Anderson

the case against JPM will be amazing, broad, deep, thorough

dont forget about the $170B in misstated loans
and failure to set aside $50B in loan loss reserves

the JPMorgan prosecution will involve:
- Enron fraud conspiracy and complicity
- large loan accounting fraud (WCom, Argentina, Russia)
- raiding 50% of the US gold reserves, huge scandal
- depleted capital reserves, depleted mkt capitalization
- derivative events and insolvency
- bank failure, leading to chain reaction failures

THE GREAT GOLD SCANDAL IS UPCOMING
the US Federal Reserve will be implicated

/ jim



To: loantech who wrote (8664)11/3/2002 7:50:53 PM
From: Sojourner Smith  Respond to of 89467
 
I am considering going short again on JPM.
What are the upside risks?
Does that buyout rumor have any merit?
(Of course Enron was trying to sell their company before its fall.)
I have never seen so many rumors on a disaster coming up.
Could it be a short-squeeze set-up?
Any suggestions for further research?
TIA