From: Michael  Conlen <meconlen@IntNet.net>
Date: Sun, 22 Jan 95 18:20:34 PST
To: Censored Girls Anonymous <carolb@barton.spring.com>
Subject: Re: Why emoney? Why not a web of debt?
In-Reply-To: <Pine.3.89.9501220904.B11359-0100000@barton.spring.com>
Message-ID: <Pine.SV4.3.91.950122210340.25763A-100000@xcalibur>
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On Sun, 22 Jan 1995, Censored Girls Anonymous wrote:

> Many companies are already founded on "a web of debt".
> "Sallie Mae (Student Loans), Ginnie Mae (General Loans), and Freddie Mac
> (Real Estate Loans)," all come to mind at the moment. They're nicely
> formatted, processed and make even more money for investors as the
> interest rates change.

I for one would not want to go in to more debt. I am in debt up to my 
neck due to a auto accident. I can not afford to go in to more debt. I am 
barely making it beacuse I owe on two loans, insurance, and money 
borrowed from relatives. This beacuse I thought I could afford X dollars 
a month more. I could if I wassnt out of work for as long as I was. When 
I have everything paid off, I belive I will not be borrowing anything 
else for a while. My question to you is, "Why borrow, if 1. you can 
afford to pay cash now, and 2. when you are going to have to pay more in 
the long run."

							Groove on Dude
							Michael Conlen