The Naked Truth - Big Kahuna a Myth Message Board

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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Ilaine who wrote (60720)	9/7/1999 9:28:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 86076

CB, it is fancy WS accounting. They all due it, so Mexico buys the gold at market prices and pays back at market prices it is an accounting gimmick to mark to market, and I think it has to do with IMF charter. For children I would ask, have you read the story of the Danish King without clothes? The bottom line is "value" is in the eye of the beholder <G> as are many balance sheets and budget surpluses in this country. Is like buying a home with 80% mortgage and not paying the mortgage back. Oh Gee lets make it somewhat legal and pay some interest spread I mean. As I am writing this please remember!! I did not inhale and did not have sex with that woman ... BWDIK Haim

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