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To: yard_man who wrote (247344)	6/26/2003 5:59:29 PM
From: Haim R. Branisteanu	Respond to of 436258

nothing it just shows ---- bring confidence that the EUR will go to da moon, (1.25 as of two weekends ago) then trash it 5% (from 1.194 to 1.14) and issue 5.6 billion in EUR junk bonds, as the market participants think that they will get a risk free 5% return in few months and then dump the bonds to other gullible investors. $17 billion ? The fees on this issue must be around 150 to 200 million

To: yard_man who wrote (247344)	6/26/2003 7:23:09 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

just some simple mat gang up the EUR all the way to 1.12 with recommendation and boggy research reports with the alarming issue of trade balance etc. flood all the news services etc. After the rally hit a wall stop it and start shorting the EUR from 1.19 all the way down to 1.14 like now. All with ample research notes and media coverage mostly CNBS OK, now you made 5% and you can commit yourself to sell the EUR 5 billion in GM Bonds. Sell them to your clients and promise them that the EUR will rise because you must cover your shorts. Your clients in the know make some nice returns in a short period of time and the bonds outperform and they are "smart investors and fund managers" with fat bonuses at year end resulting from pure manipulation. One institution that comes in mind is PIMCO's Gross but unfortunate I have no proof. How do you like this one ?