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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 1.160-3.3%Oct 31 9:30 AM EST

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To: Steve Fancy who wrote (22602)8/9/2002 12:42:45 PM
From: steve kammerer   of 22640
 
In light of Brazil's current problems and $30 billion loan from IMF, I have a question concerning Brazil's selling off of their assets.
What did Brazil get out of auctioning off Telebras and all the other state-owned companies? They got money which looks like it was just pissed away for operating expenses. It seems like having a policy of burning your furniture in order to keep warm. Later on you are still cold and now have nothing to sit on!
stevek
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