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#19
01-08-2007, 04:40 PM
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I think Enron used to use the same collateral over and over. They simply used off sheet balancing to hide the first loans.. not that anyone bothered to check.
Why not just do what the Russian gangs are doing. Have someone appraise everything at 10 times the value, get a loan, split up the cash and let them foreclose while you move to the next mark.
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ΜΟΛΩΝ ΛΑΒΕ 
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