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

To: Lucretius who wrote (112650)	7/14/2001 12:17:37 PM
From: MythMan	Read Replies (2) \| Respond to of 436258

Baby Bush to Argentina.....GFY! -g-

To: Lucretius who wrote (112650)	7/14/2001 2:14:22 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 436258

Wonder what a default on 138 billion in bonds and loans looks like...imagine the write-offs. It'll be interesting to hear the CC on Citigroup on Monday to see if any real tough questions are asked about their exposure (maybe Mike Mayo?) So far the myth is that they have minimal exposure. Pissanti on CNBS on Wednesday or Thursday said "it's not a problem...Argentina only accounted for 7% of Citi's EPS last year. ROTFL, if they have to write off loans that generated 7% of their profits, we'd be talking about billions and billions.... EDIT: Not to mention the collateral damage that would be done due to contagion....