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Ace Hanlon

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Ace Hanlon

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Re: Zeev Hed post# 348426

Saturday, 01/22/2005 7:09:15 AM

Saturday, January 22, 2005 7:09:15 AM

Post# of 704047
Junking GM bonds would add greatly to the supply of junk and widen their spreads from treasuries. Unless of couse the junk market discounts this in advance as it may now be in the process of doing.

“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi

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