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

To: Thomas M. who wrote (34230)	10/20/1998 1:54:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Tom, The way I got it is that the loans are expensed each quarter, but, then, when they are repaid, they are net income. That is a controversy if they are repaid, but that would make current Ascend eps lower than they should be. I think it is a bad practice to lend to your customers. Receivables are bad enough. Loans are scary, longer term and if the economy turns. But the real question is, do we have faith that mgt. knows how to perform banking functions? Nobody in Alameda knew how to do it when I lived there. <G> MB