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A WAY OUT OF DEBT'S GRIP
WHO AMONG US ORDINARY FOLK really wants to carry more debt? Most of us would rather steer our personal financial ship somewhere closer to calmer debt-free waters.
But some hedge fund managers, banks, and other financial market players have been doing just the opposite every business day. Or, they were doing so before the recent credit crunch. In the years following the dot.com boom (and bust in 2001), financial institutions took on increasingly risky debt, in the form of securities backed by loans made to high-risk home-buying borrowers. This debt-based strategy initially delivered financial gains, as investors in the United States and around the world profited from Americans' propensity to borrow, buy, and consume.

October 1, 2007 issue
View Issue-
LETTERS
with contributions from DOROTHY B. LOMBARD, CURTIS KAINE, HELEN HOLDEN, DAVE HORN
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The 'grace way' to solvency
WARREN BOLON, SENIOR WRITER
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ITEMS OF INTEREST
with contributions from Joe Birch, Jason Bain
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A life in balance
BY MICHAEL PABST
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Our livelihood—entrusted to God
BY JOAN MIKKELSEN
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Prayer paves a practical road out of consumer debt
BY PAMELA FAATZ
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A STORY OF GRACE
BY DOUG SYTSMA
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NOT HALF BUT WHOLE
BY KATHLEEN S. MCKOWN
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BACK TO SQUARE ONE WITH GOD
BY ALI TOZIER
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God helps us at camp—and everywhere
with contributions from Lucy Jane Hurley, Justin Wad
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POINTS OF LIGHT
ROSALINDA JOHNSON
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YOUR RIGHT TO AFFORDABLE HOUSING
BEVERLY GOLDSMITH
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TRUST IN GOD 'STEP BY STEP'
CHARLES R. HARVUOT
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'I AM THE LORD, YOUR PHYSICIAN'
MARION OTTOWICX
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HEALED BEFORE TESTIMONY MEETING
IAN GUDGER