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Reply #60: Indeed. Consider recent year mergers... [View All]

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salin Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-09-08 02:20 PM
Response to Reply #59
60. Indeed. Consider recent year mergers...
Didn't United Airlines buy U.S. Airways - HUGE debts, so if their margins were called (along with the hit from gas prices) - what will they be left to do but - pillage acquired assets. More jobs gone.

Who else borrowed billions to acquire other businesses and which banks hold that exposure? I think the rate of corporate bankruptcies is going to accelerate, and go far beyond mortgage brokers.
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