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Pastimes : All Clowns Must Be Destroyed
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To: pater tenebrarum who wrote (34377)5/22/2000 2:35:00 PM
From: Ken98  Read Replies (1) of 42523
 
<< the banks will be caught with loads of dud loans on their books eventually>> Isn't that what they do best?

Now Congress can set up some sort of RTC type agency to dispose of all of the busted venture capital deals the banks got in to. Difference will be that the gov't got 50 cents on the dollar for the real estate duds, but will only get 10 cents on the dollar for these deals.
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