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Politics : Ask Michael Burke

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To: PaperChase who wrote (66804)	8/26/1999 11:39:00 AM
From: Freedom Fighter	Read Replies (1) of 132070

PC, Just one more thought. This one is on the house. (g) >>Look at the funds raised in IPOs and the resultant spending that those companies do to accelerate the economy.<< I agree that the idea behind IPOs is to raise capital for investment. But many of the IPOs that are coming out right now are really ignorance based wealth transfers. The money received is lining the pockets of the people that are coming public selling overvalued internet assets etc.. If anything, the flood of IPOs and capital will make it harder for anyone to make money in that area. WC

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