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Message: OT: Looks like JP Morgan will be buying Bear Stearns
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hi babaoriley,

As vhf refereed to in his earlier link, JPM has in excess of $91 trillion in derivative contracts and are by far #1 on the list with Citibank a distant second with approximately $34 trillion.

It is not a far reach to speculate that JPM has a huge interest in protecting Bear Stearns from defaulting since this could precipitate a chain reaction.

 

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