Article

2003-10-26 Syria-Lebanon

Syria VP Discussing Return of Iraq Funds

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Posted by Steve White 2003-10-26 1:25:20 AM|| E-Mail|| Front Page|| [11130 views since 2007-05-07] Top

#1 Syria's cooperation may partly be based on the fact that the funds aren't doing them much good. They can buy US T or Euro instruments and get a bit of interest but when they do that, they have to make out certain declarations that could be dicey. Investing it in arab enterprizes avoids that but such enterprizes frequently lose money and they would be at risk for making up the balance.

Posted by mhw 2003-10-26 9:25:17 AM|| 2003-10-26 9:25:17 AM|| Front Page Top

#2 As a solo contractor in the 80's, I wrote EFT systems for a few US companies to consolidate excess cash above a set point from branch offices to the HQ office, poll the major banks for their rates and use a rules system to pick the vendor, and then roll the accumulated excess cash in Commercial Paper overnight - made beaucoup profit on otherwise unused asset for 'em. I shoulda worked on a percentage basis.

But that was in the real world - poor Islam, gots no interest, no usury, no making money without beaucoup risk. Billions... gotta be painful. (sniff, sniff) Little Mike sure left them in a fix, eh?

Posted by .com 2003-10-26 2:27:21 PM|| 2003-10-26 2:27:21 PM|| Front Page Top

#3 use a rules system to pick the vendor, and then roll the accumulated excess cash in Commercial Paper overnight - made beaucoup profit on otherwise unused asset for 'em.

Good heavens man... have you no conscience? More importantly... do you still have the code?

Posted by Shipman 2003-10-26 6:57:02 PM|| 2003-10-26 6:57:02 PM|| Front Page Top

#4 Prolly just the tip of the iceberg--the BIG bucks are probably in Zurich--where they know nothin' 'bout no Iraqi gelt

Posted by NotMikeMoore 2003-10-27 12:06:38 AM|| 2003-10-27 12:06:38 AM|| Front Page Top

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