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Pastimes : Where to hide your money as the world banking system collaps
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To: Michael H who wrote (34)2/2/2001 9:39:49 AM
From: TobagoJack   of 41
 
<<Your money is never lost, it is just in someone else possession now>>

My money is where it ought to be, but I know what you meant to say.

Shareholders of CSCO, LU and many of their customers may seriously disagree with the idea that their money is not lost but in someone else's hand. Value, however false, was pulverized, and not all captured by the short sellers, and the economy in the aggregate is poorer, thinning out the equity that supports margin, home equity, and equipment financing loans.

False value has a short half life, whereas home equity loan remains until Chapter 7-11, or until epilogue.
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