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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (31868)	8/30/1998 10:51:00 AM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 132070

MB, >>How do you force the Russkies to turn over the Treasuries and cash when they default? This is starting to remind me of the late 70's and early 80's. The company I worked for had sold some computers to China and we could not collect in currency so they sent diamonds, jade, etc. in payment of 10x our dollar billing. I went down to corporate headquarters and bought some of this stash for 10 cents on the dollar. One of the best deals I have run into in my life time. All the company wanted was their $'s and we were turning the stash for a good profit.<ggg> I wonder if these banks thought of backing the loans with Russian commodities? Joan