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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: SGJ who wrote (1585)	7/7/2002 11:28:45 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 89467

thanks, QCo, telecom debt has been the most recent disaster I recall this spring that many experts had been migrating slowly back into telecom junk bond debt looking for that hefty yield now many of them are getting their nuts cut off while telecom stocks are imploding, only now are their associated debts getting killed in 2001 those debts took hits, but now dead & gonzo a pretty good Business Week article on telecoms WorldCom and a few others are creating a "sewer drain" effect for their business partners the result is that many others will probably go bankrupt but in 12-18 months, the only telecoms standing might well be the BabyBells this could be inflationary later with no competition the dissolution of MaBell has accomplished nothing it spawned numerous giant BabyBell monsters who will survive this country cannot do much right in Big Business !!! didnt know USGovt was standing aside from GSA's I was only aware that... THEY CANNOT TOLERATE HIGHER MORTGAGE RATES, BEING NOT AT ALL HEDGED, AND WILL GO BANKRUPT IN MAGNIFICENT STYLE thanks / jim