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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Knighty Tin who wrote (156973)3/25/2002 1:44:09 PM
From: Ahda  Read Replies (1) of 436258
 
Jan. 25

Hit for J.P. Morgan could be huge

Enron-linked energy-trade venture could cost bank $1 billion

By Jathon Sapsford and Anita Raghavan
THE WALL STREET JOURNAL

NEW YORK, March 25 (Reuters) - Bond investors should ``overweight'' the bonds of General Electric Capital Corp., which are a ``compelling value,'' J.P. Morgan Chase & Co. said.

The financing practices of GE Capital, a unit of Fairfield, Connecticut-based General Electric Co. (NYSE:GE - news), came under scrutiny last week after Bill Gross, who oversees $250 billion of bonds for Pacific Investment Management Co., questioned the company's disclosure policies, honesty and overreliance on commercial paper.

Fuzzed completely. Matter of fact i am now going to go out and use a cash advance on a credit card and deposit it into my 401k as due to this bouncing economy and my lack of raise this overextension at least provides a deduction for me as well as increased cash flow for the credit card company. Rolling and rolling on such a golden sunshine day. vbg
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