SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (8578)7/1/2004 2:47:59 PM
From: Knighty Tin  Respond to of 116555
 
mish, because that wouldn't be right? <VBG> That's effectively what our banks did in Latin America. Loaned them the money to pay them back plus some. But, those were then "performing loans" and could count in eps instead of "probable losses." I don't know if the IMF is subject to the same sort of fictional accounting.

It would be funny if Iraq paid them back and then The IMF said "Nyah, nyah" on the new loan.