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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: patron_anejo_por_favor who wrote (52051)	12/28/2000 7:47:40 PM
From: pater tenebrarum	Read Replies (3) of 436258

<<Davis came out of yesterday's meeting with Greenspan and Summers declaring that deregulation of wholesale prices and power generation has failed, >> what deregulation? a market with price caps is now a deregulated market? these statist morons of course have to use this to get their semi-communist propaganda bits in...UFB. <<Governor Davis, who also met with President Bill Clinton at the White House today, has said he came for support and ideas, not a bailout. >> ROFLMAO!!! <<Among the biggest investors in the utilities' billions of dollars in commercial paper are money market mutual funds, which generally hold their investments until maturity. If the utilities default, that could force such mutual funds to show a loss -- an unusual event considering their virtually risk-free portfolio. >> so which is it now? are they "virtually risk-free" or not? neither regulators, nor anyone else it seems has even the foggiest idea of the turds floating in money market funds...this just happened to highlight a small fraction of the debacle-in-waiting. <<The Fed, in particular, can't be perceived as bailing out the utilities to save debt holders -- that would only encourage investors to believe that risky investments aren't so risky, economists said. >> LOLOLOLOL!!! help! i'm hurting! LOL!!!

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