Message:

<p>[QUOTE=&quot;yakpoo, post: 1163619, member: 18157&quot;]I&#039;ve read some of Heller&#039;s articles with interest, but don&#039;t have enough background to know what to make of it all; it&#039;s certainly interesting theater. </p><p>&nbsp;</p><p>I suppose if JP Morgan files for Chapter 11, their bond holders will get some money, but that&#039;s about it. I imagine all the short contracts will go into default and it will be up to the DTCC (<a href="http://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation" rel="nofollow"><b>Depository Trust &amp; Clearing Corporation</b></a>) to cover the contracts.</p><p>&nbsp;</p><p>I don&#039;t know where DTCC would get the money if not from the US Government (you and me). If we&#039;re talking about a billion ounces of silver, that would only be about $46.68B...a drop in the bucket compared to the rest of the mess we&#039;re in. :help!A:[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in