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To: bananawind who wrote (2733)12/10/1997 5:49:00 PM
From: Michael Burry  Read Replies (4) | Respond to of 78595
 
Re: Green Tree accounting

This from the S&P report:

"The company records income at the time of the sale of its loan
contracts, taking the present value of future cash flows into
income."

I noted this as aggressive when I read it, but was not sure
if this is how all companies of this type do it. Is it aggressive
for the industry?

Good Investing,
Mike