<HTML>In a message dated 3/28/2003 4:43:45 PM Eastern Standard Time, dhenwood@panix.com writes: <BLOCKQUOTE TYPE=CITE style="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px">Meanwhile, a whole major sector of the U.S. economy is in meltdown. Not only is this a cyclical problem, but the cumulative effects of over 20 years of deregulation. And no one seems to care. </BLOCKQUOTE> Worse. It's actually three sectors of the economy - telecoms, energy and airlines. Plus, both banks and the insurance/re-insurance companies who share their credit exposures to these sectors aren't doing too well either. But, they don't have to disclose the true nature of their potential losses until after the fact. Nomi</HTML>