Who Will Assume This Loan?

Austrian bank BAWAG P.S.K. said on Tuesday it would consider selling loans it provided to Refco Inc. which filed for bankruptcy this week, and to the commodity broker’s Chief Executive Phillip Bennett.

Maybe, Phillip Bennett or some “friend” of BAWAG P.S.K could assume the receivable that could be considered uncollectible and we could start this absurdity all over!

Refco BAWAG

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