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  1. #1
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    IDT wants to buy some of Worldcom for $5 BILLION.

    I wonder where they got the $5 Billion.

    I guess if you can keep from paying affiliates it all adds up pretty quick.

    Seems to me if one has $5 Billion, it wouldn't be hard to pay affiliates from justone days worth of interest on that money.

    Go figure.

  2. #2
    ABW Adviser Panel Dynamoo's Avatar
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    Ah well surely the trick is that they don't have the $5 billion in the first place and are in fact borrowing it from banks and stockholders.

    Thus you have these massive corporations which are so much in debt that they're actually worth nothing at all. Neat trick.

  3. #3
    2005 Linkshare Golden Link Award Winner  ecomcity's Avatar
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    Jeez..crooks taking over crooks. Must be the spammers and telemarketers are threatening non-payment to both groups!

  4. #4
    ABW Adviser Panel Dynamoo's Avatar
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    You realise that eventually everything will be owned by a single dodgy outfit possibly called GlobalEnronCom which will be trillions of dollars in debt, go bust and then we'll all have to start eating our pet dogs to stay alive.

  5. #5
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    How do you think this all started anyway. Worldcom became a force in the telecommunications world rather quickly. It wasn't but a few years a go that they were nothing more than a little long distance company that after their acquisition of WilTel, who at the time owned a good deal of the lond distance circuits, they went on a rampage accumulating everything in site. The cycle continues.

    Mike

  6. #6
    ABW Founder Haiko de Poel, Jr.'s Avatar
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    Mike said it Best!

    <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Jeez..crooks taking over crooks.
    <HR></BLOCKQUOTE>

    Haiko

  7. #7
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    The CEO of IDT is totally braindead...you wuld not believe what he is offering WC.

    No wonder he never pays affiliates - he's a total moron and it's beyond obvious that the only way he could possibly make any money is to steal it.

    Question is how come he isn't in jail?

  8. #8
    Resident Genius and Staunch Capitalist Leader's Avatar
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    @ Mike (Dr. Evil)--So THAT'S what happened to WilTel...

    "No wonder he never pays affiliates - he's a total moron and it's beyond obvious that the only way he could possibly make any money is to steal it.

    Question is how come he isn't in jail?~Fred"

    If he's that dense, it must be DUMB luck.

  9. #9
    Super Sh!t Stirrer SSanf's Avatar
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    There is probably no real money involved. They are probably paying with stock which is only play money of ephemeral value.

    When I was growing up, we had only Bell Telephone. Then, the gubment decided they were too big and broke them up. Everything seemed to work well with Bell Telephone before the gubment made things all better.

    I miss Ma Bell. I want the simple life again.

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