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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (3937)	12/22/2003 4:24:01 PM
From: orkrious	Read Replies (2) \| Respond to of 4905

Date: Mon Dec 22 2003 13:16 trotsky (@Parmalat) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved note that the insurers are not willing to discuss their exposure - which tells me that THEY are the underwriters of the outstanding credit default swaps. so they don't even know yet for sure how large their losses will be. Parmalat could have more widespread consequences than is now readily apparent. some insurers may be forced to raise liquidity - which means they may be forced to sell stock market investments for instance.