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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Crossy who wrote (2979)	12/7/1998 9:15:00 AM
From: Bosco	Read Replies (1) \| Respond to of 37387

G'day all - dear Crossy, yes, AAN is a heavy weight no doubt. I couldn't find the online version of the article, but it was about DAF Trucking bond deal. As you may know, unlike the US counterparts, which are limited by the Glass-Seagal, the Euro banks can be everything. Anyway, w/o further digression, after AAN floated the bond to the bankrupted concern, it also lent money to the co. The problem stems from its 100% claim against the latter's asset. Btw, it also owns 50% of the bankrupt trust, who is supposed to be the rep for the bond holders. So, I guess it is more a heavy than a a heavy weight <g>! best, Bosco