http://www.ft.com/cms/s/0/07cb8b1a-275e-11dd-b7cb-000077b07658.html?nclick_check=1
I know a guy who owns a ton of Alcatel through his old Lucent position, he had some 50K shares of Lucent back when it was $84, unfortunately he never sold any and now owns a bunch of equally worthless Alcatel. Wonder if the banks will give him a loan using his stock BUT at the value it held back in 99.
I know these guys are scared shitless but how much BS can they get away with before they destroy the credibility of the US financial markets/institutions. Cut the rot out once and for all before it infects everything.
I know a guy who owns a ton of Alcatel through his old Lucent position, he had some 50K shares of Lucent back when it was $84, unfortunately he never sold any and now owns a bunch of equally worthless Alcatel. Wonder if the banks will give him a loan using his stock BUT at the value it held back in 99.
I know these guys are scared shitless but how much BS can they get away with before they destroy the credibility of the US financial markets/institutions. Cut the rot out once and for all before it infects everything.
:eek: