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Strategies & Market Trends : Currencies and the Global Capital Markets
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To: Sam who wrote (3465)7/9/2002 2:08:31 AM
From: Raymond Duray   of 3536
 
Why post idiocy?

Re: Last week I noted reports that collateralized debt-obligation managers (read "banks") could be on the hook
for $500 million if WorldCom were to file for bankruptcy.

When WorldCon blows up, the debt market is dealing with a $30 Billion headache. Task is dissembling, distracting, devious and destructive. He's qualified to flip hamburgers at McDonalds. But I wouldn't trust him at In-and-Out.
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