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To: d:oug who wrote (62142)	12/21/2000 9:40:41 AM
From: Ahda	Respond to of 116770

I think you created a very good post right now and hit the nail on the head with maxed out cards. My one Ahhaha brought out some very good thoughts in regards to the middle person from you. Tax provisions that are written to assist corporations have come to be in the public hands, but with great risk. The purchase of a house use to be a much more tight operation where income criteria was set for the benefit or the person buying the house as well as the loan holder. Now the sky is the limit and we will help you find a way to qualify is the prevailing attitude. This attitude is inflationary, it works on the assumption you are going to double your income in set period of time. Ease of lending ease of dollar and where is the value of the dollar? I can't pinpoint it but somehow we have this bigger is better more is most attitude and it has caused the economy to spiral on spec. The general populous isn't educated as to debt going sour. A very good example is when I was talking to one of my friends concerned about the stock they held as it is tanking. The response was don't worry it is only paper which amounts to the company can collapse and I won't. The laws that govern corporate America cannot be used in the private sector as the risk taken for return is too high. I think I can best sum this up as saying we the majority of USA have turned into investment bankers all putting seed money up. We run high risk all over the place we induce high risk we sanction it. It is too speculative when risk money competes for risk money. We haven't a hope if we hit a slow down.