-Caveat Lector-
I do not understand the ramifications.
Laura
Nurev Ind Research wrote:
>
> -Caveat Lector-
>
> Tuesday October 24 8:30 PM ET
> House OKs Bill To Reduce Bank Risk
>
> By MARCY GORDON, AP Business Writer
>
> WASHINGTON (AP) - The House passed a bill on Tuesday designed to
> reduce risk to the nation's banking system should a major financial
> institution become insolvent. The measure, supported by the Clinton
> administration, passed by a voice vote. The legislation would allow
> a bank or investment firm in bankruptcy-court protection and its
> creditors to use the net value of the company's losses from
> derivatives trading in calculations, rather than the much larger
> gross value. The difference is designed to avoid tying up the
> trading contracts too long in bankruptcy proceedings.
>
> Treasury Secretary Lawrence Summers, representing the administration,
> and Federal Reserve Chairman Alan Greenspan last Friday urged
> lawmakers to approve the legislation before Congress adjourns soon
> for the year.
>
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> Om
--
Any person can stand adversity,
The true test is to give a person power.
If you treat a relationship as if you are the only one in it, eventually
you will be.
Atrocities happen when the people about you -
start considering you surplus.
"I tolerate with the utmost latitude the right of
others to differ from me in opinion"
---- Thomas Jefferson <br><br>
My Grandfather told me there are two kinds of people:
those who do the work and
those who take the credit.
He told me to be in the first group -
there is less competition there. -
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DECLARATION & DISCLAIMER
==========
CTRL is a discussion & informational exchange list. Proselytizing propagandic
screeds are unwelcomed. Substance�not soap-boxing�please! These are
sordid matters and 'conspiracy theory'�with its many half-truths, mis-
directions and outright frauds�is used politically by different groups with
major and minor effects spread throughout the spectrum of time and thought.
That being said, CTRLgives no endorsement to the validity of posts, and
always suggests to readers; be wary of what you read. CTRL gives no
credence to Holocaust denial and nazi's need not apply.
Let us please be civil and as always, Caveat Lector.
========================================================================
Archives Available at:
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