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

To: re3 who wrote (19224)	5/16/2003 1:10:34 PM
From: Jim Willie CB	Respond to of 89467

maybe USGovt purchased tons of its sewage derivatives? I know my source at the sports club that their partner Sumitomo is going through a very tough period now, having to liquidate a lot of underwater assets (debts), forced to mark to market gradually a year ago, Sumitomo bailed out JPMorgan with a cash infusion of $1.5 billion now partner Sumitomo is in trouble I truly believe that several bignames will continue to march higher and higher until they are anihilated overnight poof, gone JPMorgan is too big to be stamped out so instantly but some of these bigguns are going down hard Ford and General Motors for starters they are toast their stock might rise right up to the death same goes for Fanny Mae bang, dead, since not prepared for rising rates later IRONICALLY, THE ONLY WAY TO KEEP THESE STOCKS (AND COMPANIES) AFLOAT IS TO STAY PUT INSIDE THE LIQUIDITY TRAP, AND REMAIN COMATOSE because to attempt to exit means rising rates and instant death that is why they call it a TRAP / jim