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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Haim R. Branisteanu who wrote (15755)9/2/2000 3:44:02 PM
From: Ex-INTCfan  Read Replies (1) of 436258
 
Haim,

FYI, although you probably know this, Chase has a separate subsidiary called "Chase Capital Partners" for such investments. This is all above-board. Don't forget that such investors typically get in for much less than the IPO price -- hence the risk is very limited. I see nothing wrong with this. Banks and brokers are becoming more like each other.

The reclassification, without good reason, of nonperforming assets as performing ones clearly is problematic. I believe it also is against standard accounting practices, if not the law. You made your point on that one.

INTCfan
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