the us has been checkmated -no escape!, page-19

Gerry......cant take these guys seriously...surely???

Here's an example....

He says:

"Every year now, we hear of old time banks and new ones going broke in a day or two when a derivatives trade goes south for them.

....I could talk about the Barings collapse, the LTCM collapse, and others."

Now read the 1st para again....

Barings...wasnt that fraud and also 10 years ago???

And LCTM - wasnt that 6 years ago when it was liquidated (yes....)

Say no more.........