JayHecht at JayHecht at
Sun Sep 27 18:09:41 PDT 1998


I thought Barron's, uh, like sucks!


>On that score, it's sobering to note that $125 billion of the

>total of $365 billion of commercial loans made in this country last year

>were extended to finance securities dealings. >>

Scholes & Co. averaged aboit a 50% return since 1995. Also, UBS had made personal loans to managers to "Long Term Capital" - what a truely IRONIC name for a hedge fund!!!! This is a great time to be teaching a course in banking and fin instituions - every fact and idea in the text is wholly incapable of understanding anything going on!!!



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