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


To: Simba who wrote (73107)1/9/2000 12:27:00 PM
From: Knighty Tin  Read Replies (2) | Respond to of 132070
 
Simba, banks will do what they always do: sell and take the loss if the customer cannot come up with more collateral. In addition to this fake collateral, millions of personal loans to buy overpriced stocks were made late last year, and these were based upon job incomes that may not exist in the near future. Which is why the stock market will take down the economy, no matter how much Alan Greenspan says it ain't so, Joe.