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To: pater tenebrarum who wrote (55981)	7/3/2000 6:25:15 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

heinz blasnik: I spelled it wrong. When he use to post on MDD more often I could remember how to spell his name...<g> Message 13922877 Regards, LG

To: pater tenebrarum who wrote (55981)	7/3/2000 8:21:07 PM
From: Hank Stamper	Read Replies (1) \| Respond to of 99985

"it boggles the mind to see such loose credit in what is supposed to be a tightening cycle" Is this money coming from the Fed or from the Administration? What is the main source? David Todtman

To: pater tenebrarum who wrote (55981)	7/3/2000 8:49:30 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 99985

re: such loose credit in what is supposed to be a tightening cycle Credit has been tightening in many sectors. Try getting a mortgage to buy a mobile home. Try having an IPO (or selling convertible bonds) for a B2C company. But credit is much easier in those sectors where investors see a huge increase in demand, like telecom services. Of course, in any rapid buildout, there will be companies (and people who lend to those companies), who guess wrong about the way to meet that demand. It was not clear, 2 years ago, that fiber-optic and cell-phones would win over satellites. Irridium, and soon Globalstar, are examples of wrong guesses about which technology would best satisfy future demand. But the (rapidly increasing) demand is real, and the companies who guess right are going to make a lot of money. The era of throwing money at anything that moves is over. Lots of companies, and lots of individuals, are finding it much harder to borrow money now than a year ago.