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

To: Knighty Tin who wrote (26003)	2/13/1998 12:55:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 132070

mike, that is what I fear no matter the size of the loss it will be called the bottom and Mu will benefit from the problems in SEA. Not that I believe it but I suspect they will be effective with this story. Have you seen the stories of S Korean courts saying SK banks due not have to honor it's contractual obligations pursuant to a derivatives contract with JP Morgan. The latest Richebacher raised the issue of solvency and willingness to pay for the major losers in SEA derivatives. I suspect we shall see more of this tough love for the derivatives players. Mike