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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (88385)	1/12/2001 11:52:36 AM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 132070

mike, I work with attorneys conducting quantitative and qualitative mathematical analysis on 401K’s for divorce cases and my experience is that around 80% of the ones I see have loans out against the accounts. It could be the population that get divorces do a poorer job of managing their finances than the population at large. Joan

To: Mike M2 who wrote (88385)	1/12/2001 11:52:53 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Mike, the 35% stat is bad, but it may be uglier than it looks. My guess is that a large % of that is loans from the cos. for employees to buy co. stock. So, now you are downsized, the co. stock is at $3, and you owe the co. $50,000 for stock you bought at $85. Anyone else think those may be difficult loans to collect? Unless, of course, you've been downsized from a Brooklyn Waste Disposal co., in which case you'd best pay back the loan if you like your kneecaps. <g>

To: Mike M2 who wrote (88385)	1/12/2001 4:26:43 PM
From: yard_man	Respond to of 132070

I overheard my boss on the phone yesterday getting ready to do the same <ng>

To: Mike M2 who wrote (88385)	1/12/2001 4:49:43 PM
From: Nadine Carroll	Respond to of 132070

mike, Blaming Bill Clinton for the actions of the market in the last eight years seems a bit of a stretch. He doesn't control Wall St or Greenspan. Blame him for corrupting the BLS figures -- he had control over that.