>I'm not so sure this is bad. Why shouldn't individuals have the
>same kinds of access to capital that corporations have? Amazon
>has never made a penny, but they were able to sell $1B of convertable
>bonds. And for the lender: if your clients cover the cost of carry,
>the cost of any defaults, and produce a profit for your investors,
>why shouldn't you loan to just about anybody?
>
>Did you get your $400k yet?
Who said it's "bad"? Whatever its moral status, it ain't sustainable, though.
Doug