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

To: pater tenebrarum who wrote (40268)	6/16/2000 2:44:00 PM
From: yard_man	Read Replies (2) \| Respond to of 42523

big recent acceleration of commercial spending (read lending) where I live -- some overexuberance that has spread to the industry that I work in (very capital intensive) -- projects that have gotten funding which wouldn't have flown pre-97 or -98 ... the distribution of trash to the public, e.g. there is a firm here that repackages auto loans as "investments" to the public -- heck, my dad even "invested" with them. This outfit has grown like gangbusters -- it is the same stuff that Tice and Noland harp on -- the unprecedented securitization of debt for resale to the public -- why do they do this? Banks and every other institution are already full up with questionable loans, IMO