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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Alighieri who wrote (178061)11/16/2003 9:40:37 AM
From: i-node  Read Replies (1) | Respond to of 1576865
 
"What we are looking at is the record high buildup of consumer debt through the late '90s and into the new decade

The rising rate of personal bankruptcies reflects consumer debt, which surged in the boom years of the 1990s and collided with the 2001 recession, said Sam Gerdano, executive director of the American Bankruptcy Institute.

Of course. In the late 90s everyone was receiving their daily anethesia in the form of administration statements about how great the economy was. WHY NOT run up the credit cards? Everything will be fine; your 401K has made you a multi-millionaire.

WRONG.