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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (3525)	3/22/2001 11:52:43 AM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Do you think there will be pressure on congress to accelerate the LCF? do you mean the Lost Clown Federation -g- ....I'm not sure.

To: MulhollandDrive who wrote (3525)	3/22/2001 11:54:03 AM
From: Yorikke	Read Replies (1) \| Respond to of 33421

The law as it exists is not as loose as the banks and finance institutions have led people to believe. My feeling is that they are the first to understand the implications of 'free' credit and have moved to close down the avenues of escape. Call me a socialist...or worse....but providing excess credit to the credit questionable and then nailing them when they prove unable to handle it smacks a lot of slavery, or indentured servitude. If we moved to raise the risk, and not lower it, then we might see a bit more financial restraint on the part of the lenders. I think it was Jeeter who penned the concept of a society where people couldn't 'die' until they had paid off the running debt. Death itself becoming a kind of heaven, a place of welcomed respite, where one was allowed when the bills were finally paid.