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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: NOW who wrote (23687)12/22/2004 3:20:29 AM
From: John Vosilla  Read Replies (1) | Respond to of 110194
 
Best of luck to the borrowers continuing to being rewarded for overconsumption with credit and overleveraging on assets that do not cash flow. Sure this time is different and the government will protect you for saving the world from a serious 2002-03 depression. Even Donald Trump on top again, highly leveraged and marrying a nice younger woman whose first name begins with M. I'll be waiting on the other side again when the cleansing takes place.

Today's lending activities make the ponzi schemes of the RTC days look like a walk in the park. Most got their just punishment then and most will again.

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