21.   The company borrows to buy life insurance on the lives of many employees, even, as in the case of Wal-Mart, for part-time workers.

22.   The fund had obtained higher yields than were generally available in the market through a variety of techniques, including borrowing to buy more securities.

23.   The increase in total margin loans and in borrowing to buy fund shares was reported Sunday in the New York Times.

24.   They had borrowed to buy cattle when prices were much higher but were faced with repaying the debt when prices were much lower.

25.   Those figures, on the amount of money borrowed to buy stocks, began to climb rapidly last October.

26.   When borrowing to buy stocks, the shares serve as collateral.

27.   When stock prices are falling, however, borrowing to buy stocks is an expensive and highly risky business.

28.   While borrowing to buy stocks can increase profits when stocks are rising, when shares fall, indebted investors can have steep losses, Levitt pointed out.

29.   With sales slack, the last thing they would consider doing now is borrowing to buy even more equipment that would sit idle.

30.   But he said the central bank was not close to a decision on changing its margin requirements that establish how much investors can borrow to buy stocks.