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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (185505)	8/2/2002 9:23:37 AM
From: Les H	Read Replies (1) \| Respond to of 436258

Negative wealth effect and the housing bubble schaeffersresearch.com

To: Les H who wrote (185505)	8/2/2002 10:55:02 AM
From: stan_hughes	Respond to of 436258

Les - The biggest 'heads up' in that article, mark it for follow-up in your daytimer, I have - A final wild card is the new bankruptcy bill, which will take effect six months after President Bush signs it into law. Feldstein of SMR Research says some shaky credit-card issuers could be driven under if many of their cardholders file at once to obtain protection from creditors under the old, more lenient law. That, in turn, could disrupt the flow of fresh credit. IMO those last-minute bankruptcy filings will arrive as sure as the winter snows