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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (84914)	1/10/2009 5:51:48 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

It is very concentrated, so it is a racket and market manipulation. Let 'em fail, everyone will be better off. So far we have seen 1/3 of that large universe gone or merged. -g- As I emphasized, smaller financial institutions don't play this stuff. So, a relatively small number of LARGE financial institutions will blow up in a derivative collapse. It will have a devastating effect on others as well, but ... many might live. In fact, as many as 70% of all banks will likely live through it. The Ponzi Scheme JPM/BAC/C/Fed does not promote a healthy economy or a free market economy.