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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Joey Two-Cents who wrote (12521)	8/9/1998 1:32:00 AM
From: Marconi	Read Replies (1) \| Respond to of 18691

Hello JTC: How strongly do you subscribe to the wsws.org views? They are socialists. Their economics are wrong. For example, from the last link, "The major capitalist powers, in particular the United States, are demanding that the Japanese government undertake a "restructuring" of the banking system by writing off the bad debts and selling off the overvalued assets they have been used to finance. But the Japanese government and financial institutions are resisting these demands because they would lead to the crippling of the Japanese economy." Rationalizing a more legitimate price to assets would help the Japanese longer term more than the apparently contrary socialist or 'resisting' the practical reality. I like the common sense in your remarks, and doubt that you put much stock in the socialists views and agendas. We are all better off without their 'help'. Do you find their publications to be unreliable with respect to their data or would you characterize them as unbiased? Quoting the socialists threw out a red flag for me. I want to understand better your view of the socialists. I believe capitalism is fine, tempered with a God-fearing sense of stewardship. The stewardship is more important than the economic system, in my view, and should be the governing feature of all considerations with respect to transactions with my fellow man. Best regards, m

To: Joey Two-Cents who wrote (12521)	8/9/1998 9:56:00 PM
From: epicure	Read Replies (1) \| Respond to of 18691

Derivative risk- Morgan Guarantee- risk is 1114% of bank's net worth Banker's Trust- risk is 642% of net worth Chase- risk is 482% of bank's net worth Citibank- risk is 297% bank's net worth First National Bank, Chicago- risk is 275% This is as of Time Magazine's data on May 25th 1998. I saved the stats. There were more banks listed but with significantly less exposure (according to Time- I don't know how diligent they were in vetting these numbers, so do your own dd, yada yada)