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To: GraceZ who wrote (107124)6/7/2001 12:04:49 AM
From: LLCF  Respond to of 436258
 
<Debt is an asset on somebody's books. No debt and we have no bonds to invest our savings only in mattresses. It would be like owning gold. I'd have to pay someone to store my money. >

But remember banks are lending out many multiples on their capital... it doesn't mean we have NO debt, it just means taking on debt wouldn't be so lucrative, SAVING WOULD!

DAK