[bwteim]

Thanks for ping, Dukie. I caught that article this morning in WSJ, too.
Paragraph six bears rereading regarding nondisclosure of counterparties... and their ability to pay.
As Journal noted "We aren't trying to scare readers here, and perhaps all of these concerns will come to nothing" but it is not a pretty picture.

[Dukie]

You are welcome, bwteim. That phrase:"We aren't trying to scare readers here, and perhaps all of these concerns will come to nothing" evokes the sounds of whistling while walking past the graveyard.

Questions remeniscent of the history lessons surrounding Credit Anstalt are starting to stir.