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Politics : Formerly About Applied Materials

AMAT 261.81

+0.4%

Dec 26 3:59 PM EST

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To: Gottfried who wrote (56729)	12/1/2001 2:39:28 PM
From: Jacob Snyder	Read Replies (2) of 70976

re: Argentina: Just as the word "earnings" has been redefined, made elastic, so is the word "refinancing". They owe 132B$, and they are incapable of paying it back, and they have now admitted that. The Argentinian government wants to default on a large part of their debt, without calling it that, so they can keep on borrowing. And the Argentinian people have zero trust (with good reason) in their government and financial institutions. My thoughts: Message 16685209

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