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

To: Sojourner Smith who wrote (24119)	12/23/2002 2:26:35 PM
From: Steve Lee	Read Replies (2) \| Respond to of 36161

Sure. I am not trying to defend JPM and I can believe there is corruption and incompetence yet to be discovered. My point is that I see a lot of reports of them having severe risk in various derivatives, but these reports are authored by people that don't know what positions JPM actually have. They might be right, but they haven't presented a good case. In particular, there was an oft quoted article by Hamilton at Zeal LLC that was basically hype, concerning the JPM derivatives "monster".