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To: Charles Tutt who wrote (11047)6/30/2002 5:36:37 PM
From: Oeconomicus  Respond to of 11568
 
I think the banks will go for the jugular.

What do you mean by that? They have nothing to gain from a BK - they'd have to share everything with all the other creditors. Perhaps a better metaphor than "go for the jugular" would be "extract their pound of flesh."



To: Charles Tutt who wrote (11047)6/30/2002 5:43:42 PM
From: Richard Mazzarella  Read Replies (2) | Respond to of 11568
 
Charles, the banks will also lose if Worldcom goes belly up.


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