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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (80212)	12/26/2001 9:06:17 AM
From: ahhaha	Read Replies (2) \| Respond to of 117044

These are all course of business or daily business occurrences. They have consequences as charges to current earnings and they represent a very small portion of it. The exposure to foreign loans has been hedged or has had funds set aside on a contingency basis against default called loan loss reserve. Who says Argentina is a bad risk? It's a sovereign nation. Once they settle down they can easily pay their debts. There are a hundred ways to manage the current situation. The Argentines just don't want to live responsibly, so they have financial disaster which will continue until they've had enough. Then they will change and repair their credit, pay all the debt. Did you know that the Argentine debt problem was around in the '70s? Don't you think that bankers in the interim have taken appropriate measures? In spite of a worse situation back then the financial center banks who carry most of the foreign loans have a worth that has substantially advanced. On average these large banks have stocks who have appreciated 30 times. Some trouble.