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To: Box-By-The-Riviera™ who wrote (63447)1/31/2001 12:37:35 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
<<A credit derivative trader for a large U.S. bank here said
rate cut hopes offset worries about higher U.S. corporate
defaults in 2001.>>

hope springs eternal...imo defaults may well begin to outpace fresh credit creation, at least in certain sectors, pretty soon. the sub prime lender reporting yesterday confirms this...huge jump in non-recoverable loans.