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To: reaper who wrote (206155)11/22/2002 12:20:37 PM
From: Bill/WA  Respond to of 436258
 
reaper,

<<http://biz.yahoo.com/rf/021120/financial_sears_assetbackeds_2.html>>
"plans to sell about $813 million in
three-year asset-backed securities, supported by its credit
card receivables,""
so,when & if S collects $813M, the ABS's are cool, & S is left covering the balance of non-performing (for the next 3 yrs) with the $813M?<G>