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To: Larry Brew who wrote (8130)	10/8/1998 1:51:00 PM
From: Josef Svejk	Read Replies (1) \| Respond to of 10786

Humbly report, Larry, speaking of CMB, Shorting the Big Banks (e.g. JPM, BT, CMB, CCI) - #Subject-22684 Cheers, Svejk proofsheet.com

To: Larry Brew who wrote (8130)	10/8/1998 1:56:00 PM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 10786

The banks, if needed, will be bailed out. Wooo... haven't we learned anything from the S&L crisis? From what I have been reading, banks that don't meet rigid Y2K guidelines are being shut down without mercy. Somewhere on SI is a story of a bank that was made an example of and axed for their lack of Y2K preparedness. Just heard last night on the news a discussion about what to do about the Japanese banks that are in serious trouble. Again, from what I gather, based on experience with our S&L crisis, they're thinking about just letting some banks die as a way to prune the weak. Do you really think the US will spend more billions on banks because they didn't do a good job convincing their customers that they were Y2K compliant and that their money was safe there? - Jeff