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Old 06-16-2006, 04:53 AM
Alan Bates Alan Bates is offline
Join Date: Apr 2006
Posts: 841

Businesses that grow too fast are obliged to do so with borrowed money. Time after time we see firms expand on other peoples' cash until their debts become insoluble. Notably it has happened to the big airlines, but other industries are equally vulnerable and guilty. Steamboats are no exception.
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