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To: KeepItSimple who wrote (81786)10/25/1999 12:00:00 PM
From: John Chen  Respond to of 164684
 
KIS,I hope this is not the 80's government rescue
deal that tax-payer windup paying for the 'saving &
loan crisis'.

Here's the problem:
Banker A: How much deal you make today?
Banker B: Only 10M today.
Banker A: You sucks.
Banker B: I know. But I can't give that guy loan.
Banker A: Why, what's the deal?
Banker B: He wants 1Billion and he has only some stocks
as assets.
Banker A: What kind of stock?
Banker B: Don't know, it starts with E and end with COM.
Banker A: Can you hook me up with this guy? I'll pay you
1M.
Banker B: Are you NUT?
Banker A: Wish I were. But that guy has NUTs, stupid.



To: KeepItSimple who wrote (81786)10/25/1999 2:09:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
It is STANDARD OPERATING PROCEDURE in the valley to buy companies of "friends" whether those buddies are in the same VC circles, or banking circles, or whatever. I've seen it happen firsthand twice.



KIS,

You and I have seldomly agreed but this is nuts. I was looking for something more on the iship site and could find nothing.

Glenn