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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: brightness00 who wrote (87767)6/28/2002 1:02:02 AM
From: James Calladine  Read Replies (2) | Respond to of 99280
 
If you think that's all that has changed, I would suggest
that you try that notion out on WCOM's creditors and see
if they feel the same.......<gggg>

Namaste!

Jim



To: brightness00 who wrote (87767)6/28/2002 3:49:05 AM
From: Psycho-Social  Respond to of 99280
 
WCOM Fraud:
A few things changed for the worse: The firm is liable for shareholder losses, if they have the ability to pay. The firm's balance sheet is adversely affected by the corrected account balances. The combined effect may be just enough to persuade their supporting bank consortium to let them twist in the wind by not renewing their credit line. Also, the unfavorable press may lead to massive client defections.


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