Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Andy B who wrote (179)	10/25/2000 5:23:10 AM
From: The Duke of URL©	Read Replies (1) of 74559

The legislation would allow a bank or investment firm in bankruptcy-court protection and its creditors to use the net value of the company's losses from derivatives trading in calculations, rather than the much larger gross value. The difference is designed to avoid tying up the trading contracts too long in bankruptcy proceedings. This makes no sense whatsoever. This statement has been carefully crafted to conceal whatever it is the sponsors of the Bill really intend. The article mentions that it is HR1611 (?). Does any one have a url to the text of the bill?? TIA

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next