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


To: mishedlo who wrote (30006)4/4/2005 2:58:57 PM
From: Jim McMannis  Respond to of 110194
 
RE:"Is that the same "bleeding heart" congress that just passed the most one sided bankruptcy "reform" in years"

Wasn't that pretty much aimed at the credit card lobby or was it more sweeping?



To: mishedlo who wrote (30006)4/4/2005 4:36:53 PM
From: LLCF  Respond to of 110194
 
<Is that the same "bleeding heart" congress that just passed the most one sided bankruptcy "reform" in years.>

No, that was done with full employment in the 'top' of the good times.

< The Same bleeding heart congress that allows 30% interest rates, user fees, 2-cycle billing etc on credit cards?>

No, I think I said 'liberal bleeding heart'... please don't mis-quote. :))

<You have to be nuts to see this Congress as bleeding heart liberals.>

Oh, THEY WILL BE before this is over.

<(and eventually I do think things will switch 180 degrees but by that time housing will have already crashed).>

Exactly, we agree. I think you misinterpreted my timing... why WOULDNT the fed stand pat till things unravel? Of course I'm assuming things are looking aweful when they do all that.. I assume you agree then?

DAK