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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (60100)	5/21/1999 10:15:00 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Howard, Chase could cause a problem. But the govt. has bailed out Bank of America and Citicorp when they were the largest banks, so Chase alone may not cause a total panic. The problem with having derivatives, even the right derivatives, is the credit on the other side. It is one of the reasons I won't bet with BGR, who has challenged me for a dollar. If he is right, my discipline will allow me to send the dollar in a letter. If I am right, he won't have the money, much less a stamp. <g> Same with Chase. If they are right and The Bank of Leyte Gulf is wrong, the loser may simply not have the dough to pay up. Especially if they made the same bet with several other banks.