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Politics : Ask Michael Burke

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To: Mike M2 who wrote (62623)	6/17/1999 9:22:00 PM
From: PaperChase	Read Replies (1) of 132070

>>there has been a significant slowdown in money and credit growth since the beginning of the year. << In my opinion this slow down occurred because of higher delinquency rates in the 4th quarter. Reported 1st quarter delinquencies have declined across the boards for most types of debt and so expect the lending rush to resume. Bankers always have a gun to their head by management. If they don't lend, then the boss pulls the trigger. If they lend and the loan turns out bad, then the boss pulls the trigger. It is always a lose - lose scenario so the banker always keeps lending just so they can stay alive longer. This is how it works from credit line increases to consumers to wacky loans to Brazil and Mexico.

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