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Non-Tech : Shorting the Big Banks (e.g. JPM, BT, CMB, CCI) -- Ignore unavailable to you. Want to Upgrade?

To: BDR who wrote (129)	9/25/1998 10:13:00 AM
From: C.K. Houston	Read Replies (2) \| Respond to of 268

Firms with some of the largest exposures to Long-Term Capital's troubles. - Goldman Sachs & Co. - Merrill Lynch & Co. (MER) - Morgan Stanley Dean Witter (MWD) - Travelers Group Inc. (TRV) - Lehman Bros (LEH) - UBS Securities Inc. - * J.P. Morgan (JPM) - * Bankers Trust (BT) - * Chase Manhattan (CMB) * Controls 90% of derivative market _________________________________________________ U.S. banks and brokers that lined up to provide equity to Long-Term Capital included Merrill Lynch and Co. (NYSE:MER - news), Morgan Stanley Dean Witter & Co.(NYSE:MWD - news), Travelers Group Inc. (NYSE:TRV - news), Goldman Sachs,J.P. Morgan & Co. Inc. (NYSE:JPM - news), Bankers Trust Corp. (NYSE:BT - news) and Chase Manhattan Corp., (NYSE:CMB - news) each of which provided $300 million in capital. Foreign banks included Deutsche Bank AG(quote from Yahoo! UK & Ireland: DBKG.F), CS Group , Union Bank of Switzerland and Barclays Plc (quote from Yahoo! UK & Ireland: BARC.L). Among banks that provided $100 million each were Lehman Bros. Holdings Inc.(NYSE:LEH - news), Paribas and Societe Generale , according to sources. INTERESTING ARTICLE: Message 5838146 Cheryl

To: BDR who wrote (129)	9/27/1998 10:17:00 AM
From: BDR	Read Replies (2) \| Respond to of 268

Defense Of Latam Economies Seen Mounting my.netscape.com Fed Takes Center Stage For Stocks my.netscape.com "Still, a rate cut is not guaranteed. And they also warned not to put too much faith in a rate cut as a cure-all for the deep rooted problems in the world's financial market. ''The large question that remains is whether easing is going to be enough to allay the market's fears and enable it to get its feet under it again,'' said Charles White, managing director of Avatar Associates. Morgan Stanley's Roach agreed. ''We all think the Fed is going to ease right now, but ... it does not touch the underlying structural problems in the global economy. ''It's helpful to have the Fed recognize that this is a liquidity crisis, but it's a short term palliative and not a long-term fix,'' Roach added........ ''Every day it seems as though you get one of the big stocks which seemed bullet-proof throughout this seven-year bull market telling you that the earnings are not going to be there, and it was Coke's turn,'' Avatar's White said. Overall, third quarter earnings for the companies in the S&P500 stock index are forecast to be the worst in seven years. "