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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: peter n matzke who wrote (24583)	11/13/1997 11:41:00 AM
From: HB	Read Replies (1) \| Respond to of 132070

AG speaks: bog.frb.fed.us There is lots of interesting data at this site, under "research", "statistical releases" (click on Home at the bottom of Greenspan's testimony to get started. Howard

To: peter n matzke who wrote (24583)	12/6/1997 5:42:00 PM
From: Knighty Tin	Respond to of 132070

Peter, the key to banks crashing, again, will be two factors this time around: 1. Easy credit forcing banks to do even dumber trades than usual, such as derivatives. 2. Idiot takeovers at prices where the combo will never come true in anything other than a bubble environment. So, I look for those two factors more than overseas exposure of standard loans when picking banks on which to buy puts. Some big acquisitors, First Onion and Carrie NationsBank. for example, do not have much derivatives exposure. Some big derivatives players, Citibank and Chaste Manhattan, do not have much takeover stupidity on their books. So, I prefer those that are dumb in both areas and there are not all that many. Wells Fargo, where I bank, comes to mind immediately. I think the Buffett connection is also a plus for the put buyer. MB