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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Tommaso who wrote (81284)12/11/2000 11:27:38 AM
From: Think4Yourself   of 95453
 
OT: In my humble, and highly personal, opinion anyone who is maxed out on credit cards should not be living in a 10,000 square foot house unless they own it outright or are under very temporary financial problems. These are the people who will be whining about losing their house to the bank next year, and we will have folks saying we should feel sorry for them.

One of the last posts I read from SOB, over a month ago, was about financial institutions making questionable loans and about credit card debt loads. He was absolutely right. I have been following that since last spring and was amazed/alarmed by what was going on in the financial arenas. There is no doubt in my mind that there are indeed folks who have no savings, are carrying heavy debt loads, and living like kings/queens. Many of them cannot survive loss of income for more than a few months. What is really scary is that congress is about to make it much harder for them to declare bankruptcy.
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