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

To: Bill F. who wrote (76240)	2/19/2000 4:16:00 PM
From: Lucretius	Respond to of 132070

bill, don't sell paperboy short... he's a tremendous moron. he's up there w/ the best of them (VBG)

To: Bill F. who wrote (76240)	2/20/2000 9:25:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 132070

Bill, one for the mania chronicles?: Somebody stop me before I become a billionaire! Message 12926644 "You bet there are other forms. I've got an enormous pile of dough in IRA's and Pensions. Much of it is invested in high-flying stocks, but some of it is in Treasuries and high grade bonds. I can raise a lot of cash in an an afternoon, certainly in three days. So I have borrowed everything I can (flying credit card transfers at 2.99 % are the best). You would be amazed how many stupid banks will lend me money at 2.99 % on my name and perfect credit record. No decent broker in my experience will take a credit card check, but I launder them through my maxed-out home equity loan. Of course, my taxable accounts are all margined to the hilt, more expensive than credit card and risky, because the credit card loans cannot be called (I just borrowed $25,000 for 6 years at 7.99 per cent, payback $600 a month, and freed balances can be borrowed again!) I told them that I had no intention of paying them back. The loan officer said "Fine. I like my commission on loans like this." Despite all this stuff thar scares the Countess half to death, I could cover any margin or debt call, but would only have to pay the tax on my IRA withdrawals. I am sure I am not the only or the biggest one using this perfectly honest scam. Someone ought to stomp on the banks making shirty loans. Somebody stop me before I become a billionaire!" Regards, Barb