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2004-01-08 Home Front

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Posted by badanov 2004-01-08 8:39:56 AM|| || Front Page|| [3 views since 2007-05-07] Top

#1 Peshawar...but I enjoy the article. I think most Americans would be very surprised to see the extent to which the big financial institutions are leveraged, and just how large the value of the derivatives portfolios they use($30 trillion) to hedge their risk. The failure of just one large counterparty (JPM, for instance) could cause a financial meltdown that makes LTCM look like a stroll through the park. No set of companies represents the systemic risk better than FNM and Freddie.

Posted by mjh 2004-1-8 9:44:37 AM|| 2004-1-8 9:44:37 AM|| Front Page Top

#2 Anyone else notice that we're now getting ads about how they help the American homeowner?

Geez, please, please, let me win a big lotto, I'd love to put counter-ads on.

The WSJ has been on them for awhile.

But let's face it, Congress won't let it end, too much power.

Posted by Anonymous2U 2004-1-8 1:09:20 PM|| 2004-1-8 1:09:20 PM|| Front Page Top

#3 A2U,

YES. Those ads are annoying the SHI* out of me, mainly because I think most people believe them!

Posted by mjh 2004-1-8 2:55:46 PM|| 2004-1-8 2:55:46 PM|| Front Page Top

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