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Strategies & Market Trends : Asia Forum

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To: Rational who wrote (1084)	1/18/1998 4:35:00 PM
From: Zeev Hed	of 9980

Sankar, I was under the impression (wrong possibly) that when a borrower ca no longer service his loans, the loans are "called" and the borrower's assets are sold to the highest bidder and then if any money is left after the lender laons (and interest) are paid, the borrower resigns itself the the "poor house". Have things changed markedly? Are you telling me that the stock holders of Pergrine are going to come out whole but the lenders to Pergrine are going to foot the bill of its oolish lending in Indonesia? Or possibly, the cab company in Indonesia will survive? Zeev

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