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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (106892)6/6/2001 12:34:40 PM
From: Ken98  Read Replies (2) | Respond to of 436258
 
GECC also had some Clownbucks in the PSI debacle:

<<The largest other unsecured trade creditors, PSINet said, include Cisco Systems Inc. (NasdaqNM:CSCO - news) with $81 million; Broadwing Communications Service, $27.5 million; Leastec Corp., $26.3 million; GE Capital Corp., $21.3 million and Lucent Technologies Inc. (NYSE:LU - news), $20.7 million.>>

They are also eyeball deep into commercial real estate finance.



To: yard_man who wrote (106892)6/6/2001 1:46:48 PM
From: pater tenebrarum  Respond to of 436258
 
these blunders will in hindsight look like what they are: tip of the iceberg stuff.

they fancy themselves vulture investors now...but they're way too impatient. buying financially suspect entities/paper on the eve of the biggest global depression since the 30's will backfire. -g-


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