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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (14406)	11/9/2002 10:31:48 AM
From: Win-Lose-Draw	Read Replies (1) \| Respond to of 30712

top secret regulation they couldn't even keep the LTCM disaster under wraps, i find it difficult to accept that something orders of magnitude larger can be kept under wraps.

To: LTK007 who wrote (14406)	11/9/2002 11:08:17 AM
From: ajtj99	Read Replies (2) \| Respond to of 30712

Even though their derivative exposure is large at JPM, I don't think their at risk derivative exposure is anywhere near that ratio. They probably have enough money available to cover 1/3 or 1/2 of unrealized loss if it is in the $70-billion range. The US would have to take it over and do a JPM resolution trust thing. It's bad, but it won't bring down the US financial system. It will make the premiums the FDIC charges for insurance of accounts go up, however, as that would be a big hit on that fund.

To: LTK007 who wrote (14406)	11/9/2002 11:15:20 AM
From: Jeffrey S. Lillie	Respond to of 30712

Godfrey, If part of saving JPM was this moonshot rally and an ideal entry for my dark side positions then I would like to thank the Fed and JPM for that. jeff