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To: pater tenebrarum who wrote (52052)12/28/2000 7:57:09 PM
From: NucTrader  Read Replies (1) | Respond to of 436258
 
who's the lender that got cold feet?)
Hmmmm....that'd be CMB.....say now.....wasn't that one of Icanmakeyoupoora's main squeezes for 2001?



To: pater tenebrarum who wrote (52052)12/29/2000 1:58:22 AM
From: Ken98  Read Replies (1) | Respond to of 436258
 
<<GE Capital sees "no material effect" from Ward bankruptcy
STAMFORD, Conn., Dec 28 (Reuters) - GE Capital, the financial services arm of General Electric Co. (NYSE:GE - news), on Thursday said it sees no material effect on its earnings from the recently announced bankruptcy filing by struggling retailer Montgomery Ward, which is a fully owned unit of GE Capital.

``With our company-wide strength and the previously disclosed one-time gain from the PaineWebber transaction, today's filing by Montgomery Ward of a voluntary petition for Chapter 11 protection will have no material effect on GE Capital Services' ability to meet our anticipated earnings,'' the company said in a statement.

``We are on plan to achieve our numbers,'' the company said.>>

I did not know GECC owned the Monkey. That ranks right up there with Hicks' $500M investment in a second tier movie chain (and $250M in one baseball player) investments as contenders for the Dumb Ass Investment of the Year Award.

Speaking of which, did you see the Hicks quote in the WSJ yesterday that he could invest $4M today and cover Rodriguez's $5M deferred comp payment next year. LOL! Not with investment returns like you got this year Tommy.