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Strategies & Market Trends : Asia Forum
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To: Bonnie Bear who wrote (5145)7/11/1998 1:42:00 PM
From: Frodo Baxter   of 9980
 
>hmm...the numbers I remember were around 110B in bad loans for Korea, around 70B of those were short-term loans with repayment terms less than a year. Citi shouldn't be responsible for the whole 110B, I agree.

First you say Citi has $22 bil in bad loans to Korea. When I show this to be demonstrably not true (Further confirmation is available on pages 20-21 of their 10Q), you concoct another number, $110 bil, and tell me you agree with me that Citi isn't responsible for this amount. Your obfuscations continue to astound me.

Now, what does any of this have to do with banks making money trading currencies???

hogs**t? I thought so...and then I started looking at how the banks run their operations, and thought it could be true if part of the trading profits is a fee charged to conduct the exchange.

These are your words. Are you so embarrassed by your methodology that you refuse to share it? Or are you just unencumbered by facts?
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