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To: PaulM who wrote (11725)5/16/1998 12:10:00 AM
From: Terry Rose  Read Replies (2) | Respond to of 116835
 
Paul, In my opinion if Indonesia defaults some major bank in Japan goes over the edge due to their heavy exposure from prior loans. A wild card is the derivative market and one of the major players had to have bet wrong last year and was temporarily bailed out by the IMF. Now their day of reckoning is near. I seriously doubt that the IMF has the funds or will to go back for round two. Indonesia has now become the proverbial money pit.

Terry,


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