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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Tommaso who wrote (214707)1/15/2003 2:41:48 PM
From: Mike M2   of 436258
 
T, sounds about right. Keep in mind that the austrians would argue that had AG pricked the bubble years ago we would not have the current credit excesses. I think one trillion $ in telebomb debt was issued in the late 90s - 30-40% is in default if memory serves. I don't think anyone has suggested that we bail out the teleCON sector? What good would it do? other than enrich the same Wall St banksters and teleCON executives who fleeced the public in the first place. I can't think of a happy ending scenario for you . I can't imagine any policies which would make malinvestment sound or make bad debt good. Mike
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