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To: Dennis O'Bell who wrote (50929)8/21/2002 9:51:57 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 209892
 
While the U.S. banking system has it's charms, it's warm and fuzzy embrace of securitization, syndication and credit insurance will be it's downfall. These guys expect the Fed to bail them out of every jam they get into. The unfunded pension system is a separate issue. Many wealthy Americans DO have a portion of their wealth invested overseas and offshore...for shelter from our rapacious tort system, among other reasons.