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

To: RetiredNow who wrote (218550)	2/10/2005 9:41:39 AM
From: Elroy	Read Replies (1) \| Respond to of 1574041

However, in this post, you just added a new element to the discussion. You said that Qwest's market value of assets exceeds liabilities. So this would indicate that Qwest is not bankrupt. I posted it wrong the first time, and then corrected it, maybe you read the incorrect version before I revised it. The numbas don't lie! Qwests assets are less than their liabilities on their balance sheet as of September 2004. Assets = $24.926 billion Liabilities = $27.403 billion Shareholders Equity = -$2.477 billion Qwest is not bankrupt. It's market cap at the moment is about $8 billion. My conclusion - toss your dictionary!

To: RetiredNow who wrote (218550)	2/10/2005 10:40:43 AM
From: combjelly	Read Replies (1) \| Respond to of 1574041

"SS will be bankrupt by 2042, because liabilities will exceed the market value of their assets." Have you told Snow yet? he doesn't seem to be clear on that... During his testimony, Snow was asked by Rep. Lloyd Doggett (D-Tex.) how the administration could describe Social Security as headed for bankruptcy when many private companies have pension plans for which they cannot currently meet all their obligations. Bush said in his State of the Union address last week that unless Congress acts now to restructure Social Security and create individual investment accounts for younger workers, the system will "be exhausted and bankrupt" by 2042. Snow acknowledged that "there is a major difference between not being fully funded and being bankrupt." washingtonpost.com Now true, he still thinks SS is doomed. But... Go get'em Lloyd! I guess we now know why the tried to screw you...