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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (69461)10/23/1999 12:23:00 PM
From: Tom M  Read Replies (1) of 132070
 
Hi Mike, was thinking the SCMR "record setting IPO" was the last great act of defiance by the street ( I have the image of the mouse flipping the approaching eagle the bird) :-)

Between Uncle Al's "bank: prepare for a crash" statement last Thursday night, then SEC's Levitt's lambasting the street on Tuesday, I think it's safe to assume there'll be new legislation to prevent this in the future, so "let's flip Al & the SEC the bird one more time - we dare you to do something so we can blame it on you".

My main peeve is that this is more counterfeit money entering and distorting our economy. This couldn't be happening if we were still a gold backed currency(ie cashing in stock to cash that had to be ultimately backed by gold). It's simply too easy for the street to print their own money and create systemic risk that impacts everyone. Anyone have a URL where we can order our own printing presses to keep up with this? :-)

I'm curious if you or others have been considering money coming from the non-earning tech sector (& others) as our government tolerating a flooding of counterfeit money (certainly not Bubba). At least in the beginning of the hi-tech "era" scam, MSFT & INTC actually made tons of money at accountable PE's...

regards,
Tom
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