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To: patron_anejo_por_favor who wrote (69069)	2/18/2001 6:07:43 PM
From: LLCF	Read Replies (1) \| Respond to of 436258

What is the symbol for Euro warrants again??? DAK

To: patron_anejo_por_favor who wrote (69069)	2/19/2001 7:47:34 AM
From: flatsville	Respond to of 436258

It (tougher bankruptcy laws) may be the current Congress' equivalent of the Hawley-Smoot tariff act in the 30's that turned simple bubble collapse into a Depression. They both had the effect of magnifying a predominant deflationary trend (then by reducing foreign trade demand, now by accelerating and prolonging deflationary debt trapping). Yes, I agree. And I guarantee you we'll get tougher bankruptcy laws within the next year or two. A very smug, patrician Republican congress will spin it as a much needed dose of TL to errant children. It will be for our own good. We need to be "protected" from ourselves. It's unclear the we are the real culprit. ("But really Dad. Don't you remember? Uncle Bob (McTeer) told us to go out and buy another SUV and everything would be OK.") Of course the real reason will be to "protect" creditors. Banks and credit card cos. will send legions of lobbyists to the Hill seeking relief from the mass of defaults. The howling will be deafening. Congress will oblige no doubt.