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Non-Tech : Bid /Ask Spreads - Market Manipulation

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To: Terry D who wrote (296)	4/11/1997 12:14:00 PM
From: ----------	of 308

Terry: Good article. Not because of the impartiality of it, but because it gives us some numbers to do a little comparison. $9million over 5 years.... That is $1.8 million a year in alleged excess profits. Hell man! I KNOW of car dealers who make more than $1.8 million a year by keeping the "spread" between new car prices and used car trade-ins ridiculously high. Personally I feel like I get "reemed" a WHOLE lot more when I go to by an automobile than when I go to by Microsoft stock. Hey Congressman Markey! WHy don't you sick that pack of Jack-booted black shirts on the auto dealers?! Or does their PAC provide just way too much financing to Congressional campaigns? We KNOW the insurance industry payout on life policies sold is 50%-150% of first year premium. But we also know the insurance industry has bought their own laws. IMO< the thing Sherwood is really being punished for is not taking enough extra to give the boys on the Hill a big enough incentive to leave them alone. Remember the golden rule... "He who has the gold rules." SHerwood only took nickle & silver. Doug

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