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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (216796)2/1/2005 10:55:21 PM
From: Alighieri  Read Replies (2) | Respond to of 1571842
 
Any organization that has fewer assets than liabilities is technically insolvent. That's a fact. It can still have cashflows and it can still be salvaged, but it is insolvent.

Congratulations...you have just described the US budget (with the exception of SS of course, and save for a couple of years of Clinton governance).

Al



To: RetiredNow who wrote (216796)2/2/2005 12:49:01 AM
From: Elroy  Read Replies (1) | Respond to of 1571842
 
Any organization that has fewer assets than liabilities is technically insolvent. That's a fact.

No, it's not. It's plain wrong.

Go look at Quest's balance sheet from its most recent quarter. Is Quest insolvent?

You aren't in trouble until your liabilities are due.


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