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Politics : Ask Michael Burke
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To: Amir Shalit who wrote (96567)7/8/2002 9:07:03 AM
From: Knighty Tin   of 132070
 
Amir, Kind of. The $800 bill or so was lost mostly by pension funds and 401K investors. So, the bankers are ok on this score, but nobody gets to retire. I saw numbers on CNBS yesterday about all the pension funds mad at WorldCom because they owned so much. To be fair, they were diversified and only had 1-2% allocations to the stock. Unfortunately, they were diversified into Global Crossing, Tyco and Lucent. <g>

This silliness about Merck, which could be considered positive (they understated their profit margins) may produce a buying opportunity in the dopers.
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