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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (23634)	8/7/1998 7:10:00 PM
From: HairBall	Respond to of 94695

James: I am not surprised, while I was living there, it was ranked higher than #8. (Bonnie: sure you got that right?) Heck, Texas is way up there also. California is by far the "most" populated state, one would assume it would lead in bankruptcies! Regards, LG

To: James F. Hopkins who wrote (23634)	8/7/1998 9:45:00 PM
From: epicure	Read Replies (1) \| Respond to of 94695

I have worked in A bankruptcy court- and the reason there are so many bankruptcies is that credit is far, far too loose. People who are making minimum wage run up unsecured credit card debt of 10 to 25 thousand all the time. There are rooms full of debtors (imagine a little theatre) who all get discharged at once. If you are one of those odd people who doesn't carry credit card debt and who actually pays the bills, it would make you sick. It is driven by our society's citizens desire to consume at any price, and it is extremely apparent in CA, but must be prevalent everywhere.