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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (81153)3/15/2001 10:39:42 PM
From: smallcapmaven  Read Replies (1) of 436258
 
Heinz clearly there were many of us that knew that the rate hikes were excessive last year...The fact remains that there was overborrowing due to the Y2K fear but the lasck of action to soften the blow was untenable...Just as in 1929 there may be many rate cuts now but they are too late to change fate...Quite simply there will be massive bankruptcies in the next year that will overwhelm the banking sector...JMO!!!
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