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To: TobagoJack who wrote (73489)7/16/2001 5:16:41 AM
From: Crimson Ghost  Respond to of 116921
 
Interesting stuff Jay!



To: TobagoJack who wrote (73489)7/16/2001 12:11:48 PM
From: IngotWeTrust  Respond to of 116921
 
Jay, GATA-nuts shld send a copy of this'un 2 ole Smurf Murf that U posted just now...damn those evil swaps<grin>
Message 16079648
OPEN QUOTE:
Such swap deals earn banks profits because 10-year fixed rates, around
1.3175 per cent, are much higher now than six-month Libor rates, which are
0.09 per cent.
CLOSE QUOTE

Of course we ALL know, Japan is the only banking system in the world that understands swaps and Libor and how to subtract basis points, right?

keep up the good sleuthing
gold_tutor



To: TobagoJack who wrote (73489)7/16/2001 11:43:43 PM
From: Abner Hosmer  Read Replies (2) | Respond to of 116921
 
>>HK$5.4 million default related to the failure of US garment retailer Bugle Boy;<<

I guess we will have to ship back all of those Bugle Boy jeans we defaulted on..

Bummer!

>>HK$4.3 million default related to the collapse of US toy distributor Applause; <<

Looks like this is the beginning of the end of life as we know it.

>>setting an ominous precedent ...<<


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