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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Michael Bakunin who wrote (59754)5/19/1999 1:16:00 PM
From: BGR  Read Replies (1) | Respond to of 132070
 
Michael,

True, I believe that even the USA defaulted in the 1860's or so. My point was that while everything is speculative to some extent, it is not intellectually honest to club all investments (equity vs. options, for example) as having similar levels of risk.

-BGR.




To: Michael Bakunin who wrote (59754)5/19/1999 5:08:00 PM
From: Knighty Tin  Respond to of 132070
 
mb, And folks like Richard The Lion Heart found it more expedient to kill his creditors than to pay them. <g>



To: Michael Bakunin who wrote (59754)5/19/1999 8:12:00 PM
From: Thomas M.  Respond to of 132070
 
I can't remember where I found it, but there was an article I posted once that said that in the old days sovereign debt was actually considered lower-grade than corporate debt.

Tom


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