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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.44-1.2%Nov 14 4:00 PM EST
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To: Rarebird who wrote (61800)12/7/2000 8:33:29 AM
From: long-gone  Read Replies (1) of 116762
 
<<The only restraint to this creation of credit is the fear that too many people show up to the bank and ask to be paid in cash, since the bank could only repay in cash about one consumer in ten. >>

Isn't there also the problem of when people can no longer make payments for homes or cars which they have used for collateral? In every downturn collateralized assets are returned to banks at a lower than loaned value. Disposal of these assets results in yet lower returns from disposal costs.
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