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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (9114)	3/20/2008 4:53:26 PM
From: Lazarus_Long	Read Replies (2) \| Respond to of 33421

This is nice- -while it works. BUT I think some are getting tired of taking our promises and finding that we can make more simply by applying ink to paper. They started this with the idea idea they were getting actual value - real products ans businesses that worked. Already numerous nations are deciding they don't like our paper. Some foreign banks are reportedly refusing to accept it or exchange it. THIS is how you do it! Swiss banking giant Credit Suisse issued a profit warning on Thursday because of its exposure to the US subprime loan crisis, even as the finance minister said Swiss banks caught by the credit squeeze should not expect state help. news.yahoo.com After this, borrowers remember for a long, long time not to take loans they can't pay back. And lenders remember the institutions that aren't around any more because of their reckless loans.