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To: yard_man who wrote (251551)7/22/2003 7:14:22 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 436258
 
tippet GM borrowed the money so they can gamble in the stock / financial markets in hope that their gambling activities will be well above 9% the aproximate interest rate they pay bond holders (400 bp above treasuries).

As of now they are looking smart as treasuries dropped over 100 bp