Larry Kudlow of CNBC Reporting of Emergency Federal Reserve Meeting Tonight

CNBC television | 7/23/2002 | Larry Kudlow

[rumrunner]

Larry Kudlow mentioned that the Federal Reserve may be meeting tonight to discuss the exposure of Citibank and JP Morgan Chase to derivatives and the stock market collapse.

Possible that both banks have billions of derivatives that need to be unwound. Would collapse the banking industry.

[Windy-Dave]

Another thing to monitor closely is the Carlyle Group! When you start talking Trillions of Dollars forget the Pee Wee's and watch the shuffeling going on there with the really big guys. This is true high stakes poker!

This could get bloody when the Wallstreet Sharks go on a feeding frenzy to protect their (ASS)ets!

[aristeides]

Gephardt must have crystal balls.

Or maybe Levin and his investigators told him what they have been finding out.

[Tauzero]

"I still have my dream: that Robert Rubin sits before a Congressional Committee and is forced to plead the Fifth Amendment. On television, so that the tape can be run in 1000 campaign commercials for the GOP."

*sigh* I wish I had dreams like that. I bet it was in color, too.

[Mo1]

They can't purge Clinton and Rubin .. they are tied to close to them

The DLC is a nice place to notice this

Ask yourself why after all these months Holy Joe Lieberman is STILL stalling with the investigations

I don't want Senate Hearings .. I want Court Hearing

[Fred Mertz]

OK, how much you would you like to wager that the US is not in a depression at the end of Bush's term?

I think we might be in one right now.

[newsperson999]

according to the JPM yahoo boards...this meeting talk is spreading in asia and JPM stock may be halted in Asia

[maestro]

Good News..................BUY at 2500

[Uncle Sham]

"Looks like Clinton was successful in his destruction of America if 23 trillion gets wiped of the books. He'll be the great socialist hero of the rest of the world, able to bring the last capitalistic country (America) down in just 8 years."

The republicans controlled congress for six of those years. What about THEM?

[justshe]

Yes........why assume that the sieve leaks only one way, huh? It is NOT just the media that benefits. Makes you wonder.........do integrity and honesty exist only in a dictionary these days? Sigh.

[DeaconBenjamin]

On the other hand, wasn't there a Saudi prince who just bought another $500 million in Citigroup stock?

[Swanks]

The Democrats are so tied up in all of this that I don't see how they can capitalize unless...

Unless the press carry's the water big time between now and election day.
Probability: 1.0
and unless the Republicans continue to cower in the closet, hands-over-face, and passively take the body blows.
Probability: 1.0

We are doomed....

[aristeides]

$500 million isn't that much if we're talking about liabilities in the trillions.

[justshe]

Lieberman was sitting right next to Levin today during the hearing.........looking just as angelic as ever. He is one scary man, imo. He didn't blink.............and just kept that little smirk on his face........and the 'slight' frown on his brow. You would never guess that his biggest campaign contributor was Citicorp. Scary, I tell you!

[DeaconBenjamin]

After a 25 percent drop, $500 million isn't as much as it was last week.

[Mo1]

Oh nothing Liberman does surprises me .. he is a pinhead

If I recall he has a nice portfolio himself in his wife's name .. hmmmmmmmmm

If he gets caught up in this mess .. he'll be crying like Jim and Tammy Baker

[#3Fan]

If I knew whether it will be a deflationary or inflationary depression, I'd be a millionaire in 10 years.

If you don't know, then why were you making your claims earlier?

[varon]

I know Clinton won't go because this country won't put an XPresident in jail ...

Now that is one custom we can do without :-)

[Mo1]

I agree .. but reality is .. unless you can really nail him to the wall ... there is not a jury in this country that will throw his butt in jail