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Gold/Mining/Energy : Reliant Resources -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (51)	1/19/2003 8:48:15 AM
From: Larry S.	Read Replies (1) \| Respond to of 81

Kyros, when you owe the bank 10,000, the bank owns you. When you owe the bank 5.7 billion (or 2.9 billion), you are in a much stronger position. I don't find the article that upsetting. Think it is part of "gamemanship". After the experience with Enron in BK, probably the last thing bankers want is another bankrupt IPP that they have to wait in line to get their money for. Ok, maybe they like owning the assets while the shareholders are SOL, but, if the assets are that good, then there should be a viable company. Besides, Warren Buffett is always waiting in the wings with his checkbook, and a shotgun. larry