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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: Jim S who wrote (48815)	6/5/2006 6:54:06 PM
From: TimF	Respond to of 90947

Sadly, they were denominated in large amounts, making it almost impossible for an average guy like me to be able to buy them. I tried to buy bonds once and ran in to the same problem. They where bonds that could be converted in to stock. I think I needed something like $70k or more to buy any.

To: Jim S who wrote (48815)	6/5/2006 8:48:45 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 90947

By using a lot of "I thinks" and "as I remembers," I can make YOU do the research!! <GGG> YOU'RE DEAD! Watch for guys with suspicious bulges under their suit coats! :-) One thing I do remember, though, for sure, no doubt about it, and without equivocation, is that NYC bonds were rated as junk, and were paying very high rates. This was in Carter's time when interest rates in general were soaring, and the NYC bonds were paying in excess of 20%. So? Fed bonds, a lot safer, topped at 15%. Besides, back then (and now) I didn't like NYC and kinda hoped they'd just go away. <G> Look, we ALL wished NYC would sink! It would have been a lot cheaper than keeping them afloat! And think how many fewer load mouthed jerks the US would have now had that happened!