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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Jimbo who wrote (62319)1/29/2001 10:27:08 AM
From: pater tenebrarum  Read Replies (1) of 436258
 
Jimbo, on the contrary, banks have in recent months been forced to lend to the weakest borrowers, as emergency credit lines began to be used due the shutting down of the junk bond market.

and Greenspan didn't caution anyone...on the contrary, he admonished the banks to keep lending, in public to boot.

if you remind me later tonight i'll hunt up the relevant part of his December speech to the banking association...

and companies like CSCO, LU, etc. have by necessity stepped up their lending too, as their customers had no access to capital for several months.

again, official announcements to that effect were made.
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