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Post# of 169279
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rookiecrd1

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rookiecrd1

Re: None

Thursday, 08/10/2006 9:06:00 PM

Thursday, August 10, 2006 9:06:00 PM

Post# of 169279
About the $500m loan

God darn it the people at paltalk piss me off.

They don't know the slightest thing about finances. This is what has happened.

They had $500m which they used to buy a bond with that pays 13% annually. Instead of cashing the bond in forfeiting the $500m, they instead use it as collateral to borrow cash at a lower rate. They use this cash to fund the sudsidaries. People can;t get this through their darn heads.

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