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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: SeaViewer who wrote (35058)	5/24/2000 12:18:00 AM
From: 10K a day	Read Replies (1) \| Respond to of 42523

yeah...SO....If you buy puts during a crash. You lose ....

To: SeaViewer who wrote (35058)	5/24/2000 12:24:00 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 42523

this little vignette on bank lending is telling (from LW's...the comments below are by the LW poster who posted the article...but i agree with them, by and large): Aggressive lending, including a surge in high-priced loans to poor people, has left some of the nation's biggest lenders in danger of collapse, according to two of the nation's top bank regulators. In the late 1990s, 80 of the largest U.S. financial institutions loosened "virtually every category of underwriting standard" and made loans they would earlier have rejected, Wayne Rushton, head of supervision at the Treasury Department's Office of the Comptroller of the Currency, told members of RMA Associates, a corporate lenders' group in Philadelphia. Excerpts of the private audioconference conducted earlier this spring were made public by RMA yesterday. The danger "is not going to manifest itself until the economy turns down, and then some of those borrowers are probably going to hit the wall pretty quickly," Rushton said. Despite record profits in recent years, banks have been pushed by Wall Street analysts and investors to make more and riskier loans to boost earnings even more, James Sexton, director of supervision for the Federal Deposit Insurance Corp. (FDIC), said at the same RMA conference. CHECK IT OUT: IT'S NOT THE BANKS FAULT! The banks were pushed by Wall Street analysts and my investors. It's not the bank's fault - it's okay, they were PUSHED INTO LENDING large sums of money to anyone they could find (with or without a credit history). HAHAHA - What B.S.!