Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: TRIIBoy who wrote (319)	10/16/1998 11:52:00 AM
From: Sir Auric Goldfinger	Read Replies (1) \| Respond to of 19428

As Chairman of Armageddon Corner at the Princess Hotel, I presided, as par usual, over the doom and gloom. Rumor has it that LEH exposure that has not been exposed is the 95% loans to Manhattan real estate developers. B of A was also rumored to have exposure to hedge funds (later shown true in DE Shaw). Other financial exposure on the derivative side for banks and wire houses is huge (they have massive gamma exposure and still think that they are smart enough to dynamically hedge their delta). They could have their entire book value wiped out if the market were to fall 20 to 30% over a 1 month period.