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Pastimes : Ask Mohan about the Market

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To: Zeev Hed who wrote (12271)	12/23/1997 11:49:00 PM
From: Simon	Read Replies (1) of 18056

<<< their banking system >> Their banks are putting out margin calls big time to the Koreans. Koreans: Like we need 3 Billion TODAY!!!!! It's just amazing how big companies, countries, etc. can get themselves so screwed up. And then all dem "smart bankers" get caught in their and others folly and scream, I WANT MY MONEY. I have a half arsed friend who went from New accts to Pres (in 2 yrs.) of a big local bank back in 1969. He loaned millions to S. American countries because Chase or City Corp. did. "Countries don't go bankrupt." Last I heard the bank wrote off $ 30 mil. Oh Yeah, He got a Golden parachute, to ease the kick out the door.

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