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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Lymond who wrote (67408)	9/9/1999 11:29:00 AM
From: Knighty Tin	Respond to of 132070

John, Ratings standards changed because the banking companies were way overrated and still are. Without a reckless govt. bailout, many would have hit the wall last summer during the LTCM fiasco. The willingness of companies to abandon sound balance sheets, the backbone of a AA rating, to expand at the peak of an economic bubble, is one of the things I worry about. However, many will try to rebuild their credit ratings during the recession. Buy high, sell low is the corporate way.