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To: LLCF who wrote (86708)3/28/2001 9:16:46 AM
From: stomper  Read Replies (1) | Respond to of 436258
 
With the new bankrupcy law

That will make it take less time than if the current law stayed in effect...no?

-dave



To: LLCF who wrote (86708)3/28/2001 9:19:42 AM
From: long-gone  Read Replies (1) | Respond to of 436258
 
<<With the new bankrupcy law perhaps it will take a little longer than some here expect. >>

IMHO there will be a sudden flush of liquidity brought about by increased borrowing as people rush in under the wire to declare bankruptcy - the recent increase of consumer confidence? We will then see a far lower amount of overall liquidity as consumer lending to those under $40k annual income is reduced, becomes more expensive, or simply dries up.

While I agree with the new laws, I think few are looking at the impact of consumer borrowing on overall liquidity & spending.