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Yeah, but extending and pretending doesn't get you out of the insolvency, it just prevents you from being resolved immediately. Sitting on shit until it matures doesn't, barring direct divine intervention, make it not-shit, let alone give it a gilt edge. If you want to dig yourself out of a serious insolvency, you need to make something happen to your balance sheet.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Mar 23rd, 2012 at 11:04:14 PM EST
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You're forgetting the first rule of investment bankers: When it hits the fan, IBG-YBG (I'll be gone, you'll be gone.).
by rifek on Sun Mar 25th, 2012 at 12:33:45 AM EST
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