JPM, das Derivate-Monster, wird eines Tages wie ein Neutronenstern zu einem schwarzen Loch kollabieren, das alles um sich herum mit in die Tiefe reißt (davon bin zumindest ich überzeugt).
Wenn ich doch nur wüßte, wann das passiert!
Und wenn ich doch nur wüßte, daß die Bank, die meinen put-Optonsschein emittiert, nicht genauso in die Tiefe gerissen wird!

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> NEW YORK, Feb 14 (Reuters) - J.P. Morgan Chase & Co. Inc. <JPM.N> appears to have the largest exposure to the $14.4 billion of unsecured loans Tyco International Ltd. <TYC.N> drew down last week, the Wall Street Journal reported on Thursday.
> The exact amounts of credit extended by each bank under the widely syndicated Tyco loans remain undisclosed, but based on regulatory filings and J.P. Morgan's usual share as lead banker, analysts estimate that its exposure to Tyco could be $700 million to $1 billion, the Journal said.
> Under two credit lines to Tyco totalling $5.86 billion, J.P. Morgan, which led a group of about 40 banks, committed to lending a total of $300 million, according to regulatory filings last year, the Journal said.
> Bank of America Corp. <BAC.N>, Citigroup Inc.'s <C.N> Citibank unit and Commerzbank AG <CBKG.DE> each agreed to pony up $275 million, the Journal said.
> Those figures do not include the biggest portion of Tyco's bank debt, $8.5 billion in credit lines from 47 banks, also led by J.P. Morgan, to Tyco Capital, which Tyco now plans to sell or spin off, the Journal said.
> J.P. Morgan has told analysts that it typically commits to holding onto eight percent of the debt when it leads a credit line, which would amount to $700 million -- though it held only five percent of the parent's line, so the figure could be less, the Journal said.
> ((New York Equities Newsdesk (646) 223-6000))


JP Morgan scheint bei allen heißen Kisten drinzuhängen. In"guten" Zeiten konnten sie hohe Gewinne einfahren, da diese Firman gerantiert Risikoaufschläge zu zahlen hatten. Und jetzt kommen die Ausfälle. Größenwahn und Gier rächen sich eben früher oder später.

Gruß

J.

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