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To: John Hunt who wrote (27155)1/27/1999 10:21:00 AM
From: long-gone  Respond to of 116764
 
<<OT - Stop Picking On My Uncles>>
sorry, just trying to show some who made it in metals still got it.



To: John Hunt who wrote (27155)1/27/1999 2:19:00 PM
From: John Hunt  Respond to of 116764
 
Brazil won't seize assets like Argentina - ministry

<< Brazil will not resort to an Argentine-style confiscation of individual assets to overcome a deep financial crisis, a Finance Ministry official said Wednesday.

''The Finance Ministry denies that Brazil will or needs to adopt a Bonex Plan,'' a ministry spokesman said, referring to the confiscation in 1989 by the Argentine government of fixed-term dollar deposits to help finance a national debt restructure. >>

biz.yahoo.com

Yet! ... What is a Bonex plan anyway?

Found it

<< "Bonex Plan" which replaced short term deposits (7 days) at the Central Bank with a ten years US dollar denominated Government bond. >>

acpaintl.org