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Old 09-06-2003, 01:48 PM
  #18  
William Robison
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Default Please Help me

Son of a Pal:

The point I was trying to make is that an escrow service really performs no service - it holds your money, and charges you for holding your money. Well, it does a service to itself.

If Iwere Ketil I'd rather have Ed holding my money than pay even more to some outside service.

I'd like it best if I didn't pay the money until time of shipment, of course.

An extreme example of an escrow service was Enron.

Nobody at Enron ever touched one watt of energy, but they charged the producer for selling the power by buying at a discounted rate, and then charged the buyer for the power at an inflated price. Enron produced nothing but paperwork, for which everybody paid.

Bill.