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Re: [OM] Ritz going under

Subject: Re: [OM] Ritz going under
From: Ken Norton <ken@xxxxxxxxxxx>
Date: Mon, 23 Feb 2009 13:29:26 -0600
>
> That attitude can come around and bite you in the butt. :)
>


Normally, I would agree with that.  But I specifically described the action
which may have resulted in their exposure to mammoth losses.  They extended
such huge amounts of credit to a retailer that is in trouble (no surprise
there, this was predicted months ago--same with Circuit City) just to make
sure that their market share wouldn't drop.  It was a risk, but the reward
must have been worth it.

AG
-- 
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