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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! -- Ignore unavailable to you. Want to Upgrade?

To: macker who wrote (26138)	9/18/1998 9:17:00 AM
From: Ronaldo	Read Replies (1) \| Respond to of 50264

With this following piece of news, Lat Am. is partially protected from the present crisis: ------ Friday's Top Stories Wall Street backs Brazil bailout Compiled by CBS MarketWatch Last Update: 7:45 AM ET Sep 18, 1998 NEW YORK (CBS.MW) -- Big U.S. investment banks have informally agreed to back up any bailout program for Brazil from the International Monetary Fund, The Wall Street Journal reported Friday. At a dinner Tuesday at the headquarters of JP Morganÿ (JPM), hosted by IMF Deputy Managing Director Stanley Fischer, about a dozen senior officers agreed Brazil is too big to fail. Among those attending, according to the Journal, were JP Morgan Chairman Douglas A. Warner III, Chase Manhattan (CMB) President Thomas Labreque, Citicorp (CCI) Vice Chairman William Rhodes, Goldman, Sachs partner E. Gerald Corrigan and Merrill Lynch (MER) executive Jerome Kenney.ÿ (The Wall Street Journal)