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Biotech / Medical : Biotech Valuation
CRSP 56.00+8.5%3:59 PM EST

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To: IRWIN JAMES FRANKEL who wrote (6253)4/30/2002 11:21:39 PM
From: Biomaven  Read Replies (2) of 52153
 
<OT>

IJ,

Seems like it would be easy enough to structure a line of credit so that it wouldn't fall under the FASB definition. I figure any collapse of the commercial paper market is probably good for the big banks - they are the ones that would replace this market.

Incidentally, what do you think would be the consequences of the passage of the new bankruptcy bill now before Congress? Presumably good for the issuers of low-grade credit?

If you are right that the volume of collections might be leveling off, then maybe the banks that are heavy credit cards issuers might be a decent speculation - these would be a play on the bankruptcy legislation as well. I guess American Express might be another decent play along the same lines.

Peter
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