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

To: Nikole Wollerstein who wrote (35054)	6/30/2005 2:18:41 AM
From: mishedlo	Read Replies (2) \| Respond to of 110194

He was bailing both banks and consumers. Exactly how were consumers bailed out since their debt levels are far far far higher now? OTOH corporations owed banks tons of money. Banks were at huge risk of not being paid back. Many (but not all) corporate balance sheets were restored. To top it off, Congress passed a "bankruptcy reform" bill that will have consumers owing money to the company store even if they go under. Consumers are f*cked. But... in the ensuing deflation, banks are not going to fare that well either, but better than "helicopter drop" hyperinflation I think. Mish