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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bonnie Bear who wrote (7315)	10/25/1997 1:16:00 PM
From: Joan Osland Graffius	Read Replies (2) of 94695

Hi Bonnie, >>so if you want to disagree with the US bankruptcy court system, go ahead. I am not disagreeing with the bankruptcy problem. I am looking for more details on who is in trouble because of the problem. I have not seen any banks taking big hits because of the problem, and I am wondering if the high interest on credit is taking care of the problem. If the american public that is using credit is absorbing the problem then our purchasing power is decreased by this interest paid and will put a cap on spending. This in reality could hold down inflation. I also know that AG recommended the banks put a tighter credit policy in place, maybe this was a year or so ago. Are you trying to say that we have another RTC problem on our hands? If so then what institutions and assets are in trouble. We have seen some high risk lending companies take some hits on wall street, but for this to become a country wide economic problem, I believe our large institutions have to get in trouble. Joan

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