SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CMGI What is the latest news on this stock?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: AmericanVoter who wrote (11788)7/16/1999 8:52:00 AM
From: James Thompson  Read Replies (3) of 19700
 
Amien - good morning. I agree that individuals should be permitted to invest their Social Security funds in the markets, I don't believe that the government should be the fund manager. Can you imagine the power political parties would use to leverage the markets through funds or individual companies by threatening to move huge amounts of money in or out of funds for political purposes.

The government needs to be kept out of the fund management end of the business. The Public Employees Retirement System (PERS) in California is one of the best, if not the best managed funds of its type in the country. PERS is managed by a board that is arguably independent of state government. The money in the fund belongs to the state employees. PERS is constantly fighting off attempts by both parties to raid the fund. In fact Pete Wilson did manage to dip into the fund for a few billion. PERS sued and the state had to eventually pay the money back al at one time.

----

Sure am glad ENGA did not price this week. I have been involved in marathon meeting since Tuesday. I see very little of my computer during the business day.

I am waiting patiently for CMGI to begin another upswing.

Good luck,

Jim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News