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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (9749)	11/29/1997 7:56:00 AM
From: Jack Clarke	Read Replies (1) \| Respond to of 18056

Carl: RE: Banker's stupidity in loaning money to countries who can't pay their civil servants. You are clearly behind the times and not within the "new paradigm".<g> Bankers don't care about getting paid back. They just want some payments, and they carry the (worthless) loan as an asset. Later, when the interest payments can't be made, they loan some more and have even more "assets". Also, you need to buy some 100 year bonds. Think how good it will feel when you get paid off at maturity. Are we in the real world or in "Alice in Wonderland"? Jack