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Technology Stocks : All About Sun Microsystems
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To: Haim R. Branisteanu who wrote (40789)1/23/2001 9:45:11 AM
From: Mike M2  Read Replies (1) of 64865
 
Haim, I understand your political frustrations - I went through that with Clinton but I think you know that AG bears the lions share of the blame for the excesses. I would argue that the bubble should have been pricked long ago before the associated maladjustments did so much damage. Does the American public benefit by prolonging the illusion of paper prosperity? I don't think so. It simply creates a greater maldistribution of wealth as the insiders sell their overpriced stock to the American public. Remember how the i-nuts went bonkers after AG's pre Y2K printathon? do we want a repeat of this legalized fraud? Over optimism leads to over indebtedness. The sooner the public sobers up the better. Having read your posts I that you are astute enough to recognize this. Mike
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