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To: awi who wrote (66063)	2/8/2001 6:12:59 PM
From: robnhood	Read Replies (2) \| Respond to of 436258

I'm not sure the credit problems are all consumer based. Corporate debt is apparently very high which is made more worrisome by the fact that this is at the end of the longest expansion in history.

To: awi who wrote (66063)	2/8/2001 6:31:33 PM
From: pater tenebrarum	Read Replies (5) \| Respond to of 436258

NOT in the US...there's absolutely nothing conservative about mortgage lending. ever hear of the 125% mortgages? unthinkable in Europe.

To: awi who wrote (66063)	2/8/2001 9:24:47 PM
From: LLCF	Read Replies (1) \| Respond to of 436258

< In the case of mortgages, people take on long-term obligation with their bank, which will usually be somewhat more conservative for mortgages than for just another personal loan. > I'd be interested to know what the historic default rates are in the U.S. vs say NL on not only mortgages, but other personal credit. I know lots of folks here in the states that look at their home as another source of leverage...[ie. the safety of these historically low risk loans may be changing with the times] do they do that over there? DAK