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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: KailuaBoy who wrote (491)	11/29/2000 10:49:00 PM
From: Ahda	Respond to of 24758

kB when you are in debt it is more difficult to get funding than when you are not in need of funding. It is humorous to watch banks try to spin off what they fear is going to be a bad loan. Everybody tries to cover their hide politely, hoping the client will refinance by offering a reduction on long term interest owed to entice said debtor to find another source. It is not fun for the banker who is afraid he is going to get royal h from his superiors who are pissed at the world due to bad loans and rising rates. So they wine and dine the client they hope will soon be ex client as they are not all to confident about that loan. Pennies on the dollar with thousands on the penny in debt is a lousy investment in a tight money market when you yourself are short of cash. You buy while they company is in court if you are sharp.