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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (34377)5/22/2000 2:23:00 PM
From: LLCF  Read Replies (1) | Respond to of 42523
 
< it also means the banks will be caught with loads of dud loans on their books eventually.>

Isn't that already in their business model? <g>

DAK



To: pater tenebrarum who wrote (34377)5/22/2000 2:35:00 PM
From: Ken98  Read Replies (1) | Respond to of 42523
 
<< the banks will be caught with loads of dud loans on their books eventually>> Isn't that what they do best?

Now Congress can set up some sort of RTC type agency to dispose of all of the busted venture capital deals the banks got in to. Difference will be that the gov't got 50 cents on the dollar for the real estate duds, but will only get 10 cents on the dollar for these deals.


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