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To: Venkie who wrote (5569)7/25/2000 9:59:03 AM
From: IceShark  Read Replies (1) | Respond to of 436258
 
Yes you better, if you value your money. They will get crushed when all this bad debt from the credit explosion comes rolling in. Bankruptcy and bad debt is climbing at quite an extraordinary rate considering the economy we are in. This is in the best of times .... what do you think will happen when, not if, when things cool down a bit?

If you doubt how explosive the credit binge has been, just think about all those credit card offers that show up in your mail every day or the incessant TV offers to take a second or third on your home. Then remember what it was like 10 years ago .....

Then we have all these crazy derivative products that no one really understands if the wheels come off the wagon.