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To: SeaViewer who wrote (9124)8/7/2000 4:55:59 PM
From: oldirtybastard  Read Replies (3) | Respond to of 436258
 
It's pretty comical, but though everyone can get a loan these days, I met a girl who got turned down for a loan to get implants a few weeks ago - that was exactly what she told the bank she needed the loan for too.

If only she had said she was gonna buy some RMBS calls with the money, I'm sure they would have given her twice what she needed, and she and I would both be much happier now.



To: SeaViewer who wrote (9124)8/7/2000 5:03:01 PM
From: pater tenebrarum  Respond to of 436258
 
digging their own grave...and that of the banks of course.

<<"It appears borrowing is how they are paying for everything from cars to clothing to college tuitions", he said.>>

<<``It's always dangerous this late in an expansion when the borrowing continues to advance strongly,'' Rogers said. ``The danger would be if you saw a big stock market correction and folks were unable to repay some of this debt.'' >>

good to see someone is worried...the solution is of course to re-inflate the stock market bubble...then we won't have to worry about all that debt and could expand that as well. it's so easy...the printing press brings us utopia...