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To: Bonnie Bear who wrote (9785)	11/29/1997 9:45:00 PM
From: Bilow	Read Replies (1) \| Respond to of 18056

Hi BB; Well I went shopping, and bought F.I.A.S.C.O and have had difficulty putting it down. Well written, it is both entertaining and enlightening. It has a lot to say about the Brady bonds. Essentially what is going on is that risky paper is being repackaged so that it doesn't look so risky. Some of the people who buy it are just stupid, while others want to gamble with money that they are supposed to be prudent with. For a math/physics major, already familiar with options and futures, the brief explanation of "duration" and "convexity" are enough. It is also hilarious and frightening. -- Carl

To: Bonnie Bear who wrote (9785)	11/29/1997 9:45:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 18056

Unrelated - Swiss siphoned off cash sent to starving PoWs By Ivo Dawnay in Washington Search for Nazi plunder sends shudder through art world THE wartime Swiss government used funds sent by the Allies, intended to relieve the plight of British and American prisoners in Japanese camps, to repatriate Swiss money from Tokyo, a document found in the US has revealed. The transactions involved 4.5 million Swiss francs - about œ600,000 at 1944 prices - and could have run into millions more had a later dispute not intervened. The document suggests a massive misappropriation of funds that could have had fatal consequences for the 300,000 PoWs in Japanese camps, many under the protective care of the neutral Swiss. The hitherto unpublished document, obtained by The Telegraph, is a translation of an intercepted message from the Berne foreign ministry to the Swiss embassy in Washington in November 1945. Unknown to the Swiss, it was decoded by an American intelligence agency using the Ultra technology developed by the British during the war. Its opening paragraph tells the Swiss legation of "an absolutely confidential" clearing agreement reached with the Japanese on August 17, 1944 - a full year before the end of the Pacific war. this article is from The Telegrah - UK Haim