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To: stomper who wrote (104315)5/23/2001 4:45:26 PM
From: jjetstream  Read Replies (1) | Respond to of 436258
 
Hmmmmm....<g>



To: stomper who wrote (104315)5/23/2001 5:00:27 PM
From: At_The_Ask  Respond to of 436258
 
It is shameful for government officials to speak of excessive borrowing as a good thing. Consumer credit is way out of control in this country. It may be good for the economy in the near term but the long term is another matter. Unless we all get a large increase in real wages or massive tax relief; how are people to pay this back? I think it is convenient that the tightening of bankruptcy laws have passed now that the weakening economy will put more and more debtors into trouble.

This is from Greenies conference with some banksters on friday. The link was posted earlier.

"Ultimately, regulators cannot aim to prevent all bank failures, as financial institutions are in the business of taking some degree of risk, he said."
This doesn't sound like the bubbleboy I know. Maybe he means the regulators shouldn't worry because he will just print them out of trouble anyway.

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