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


To: Mike M2 who wrote (69520)10/26/1999 5:58:00 AM
From: valueminded  Respond to of 132070
 
William:

I would add one comment. Bankruptcy today does not carry near the stigma it did 60 years ago and will be an easy out for many people. Yes it will reduce the credit offered to people/businesses for a number of years but it will also quickly purge the excesses leaving the banks/credit lenders stuck with the debt. unFortunately you as one of the remaining investors with money will be able to shell out an increasing portion of taxes to bail them out <g>