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Pastimes : Ask Mohan about the Market
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To: Link Lady who wrote (13350)1/22/1998 7:47:00 PM
From: Don S.Boller  Read Replies (1) of 18056
 
Wendy: IS REPAYMENT GUARANTEED?
Why of course...just like the loans we gave out to friends
after WWII....think only Belgium repaid. Or how about the
loans our major banks were strong-armed into making in
SA a few years back. Some almost busted. Huge writedowns
of (shareholder) equity. Guaranteed by whom??? The same
govts. that won't let US companies into thier markets to trade
on equal footing??? Sure!!! Luckily, we can find "no legally
controlling authority on this".
Best,
Don
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