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  • flipper_58 flipper_58 Sep 2, 2003 7:41 AM Flag

    Understanding the balance sheet, 1

    "There were no real gains on the sale of anything to SAC"

    True we have a unsecured loan for the sale of secured property...huh?

    I wish I believed the class action theory that cleaned SAC. I know some powerful class-action attorneys and they are not finance guys. Just a an IPO prospectus, it's doesn't mean the comapnay is good it just means they did the transaction within the limits of the law. SAC I beleive is in this category. It's certainly not a clean no conflict set-up.

    In my Opinion.

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