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Could the $200 million "cash liabilities" represent the members deposits? Any opinions?
News flash:New owners don't always honor deposits of the old regime. However, if your club is financially sound, there is a great chance that this changing of the guard will only be positive.
Read NY Times article today. GS emphasis on MUNI's, not private. Private will be spun-off, new owners have NO obligation to honor deposits, members fucked.