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Gold/Mining/Energy : Gold Price Monitor

GDXJ 104.49

-2.1%

Dec 8 4:00 PM EST

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To: Bobby Yellin who wrote (31275)	4/6/1999 2:16:00 PM
From: lorne	Read Replies (2) of 116800

Banks profit as Brazilians suffer. At a time when high interest rates and diminished foreign investment are crippling the economy, the banks' financial results have touched off a debate over the fairness of a system that has allowed a handful of big and rich institutions to profit while the population as a whole is suffering. Matrix, a well-known investment bank, is not alone. More than a dozen banks, some of them US institutions such as JP Morgan and Citibank, also had huge profits after the devaluation, according to preliminary figures from Austin Asis, a bank analyst. more story>> smh.com.au Hi Bobby, hard to believe banks would do something like this. :>))

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