From: Jeffery Edwards <jeevacation mail.com> To: jes.staley© Sent: 7/31/2008 11:14:24 PM Subject: Re: I don't know why merrill isn'the next mess, Singapore will buy but I wouldn't On 7/31/08 2:56 PM, "jes.staley wrote: <S> > Hey boss, > We just got done with Jamie's off site. I think we did ok. > The mortgage market continues to deteriorate. But with commodities coming > off we are betting that markets will start to improve, even though a number > of small banks will go under. Did you see Merrill's latest write-off. Just > think, Merrill has now lost more money than it has made in its entire > existence. > I hope you are hangin there. Just think of the island and my boat anchored > in front. I do. > jes > Generally, this communication is for informational purposes only > and it is not intended as an offer or solicitation for the purchase > or sale of any financial instrument or as an official confirmation > of any transaction. In the event you are receiving the offering > materials attached below related to your interest in hedge funds or > private equity, this communication may be intended as an offer or > solicitation for the purchase or sale of such fund(s). All market > prices, data and other information are not warranted as to > completeness or accuracy and are subject to change without notice. > Any comments or statements made herein do not necessarily reflect > those of JPMorgan Chase & Co., its subsidiaries and affiliates. > This transmission may contain information that is privileged, > confidential, legally privileged, and/or exempt from disclosure > under applicable law. If you ace not the intended recipient, you > are hereby notified that any disclosure, copying, distribution, or > use of the information contained herein (including any reliance > thereon) is STRICTLY PROHIBITED. Although this transmission and any > attachments are believed to be free of any virus or other defect > that might affect any computer s