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Technology Stocks : Intel Corporation (INTC)

INTC 40.12

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12:38 PM EST

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To: tcmay who wrote (143810)	9/20/2001 6:35:34 AM
From: GVTucker	Read Replies (2) of 186894

tcmay, RE: The best way to help the economy is to let markets work. Let bloated companies like most of the airlines go out of business. Let hotels which overbuilt rooms go out of business. Don't bail _any_ companies or industries out. Well, we can agree on something after all. Bailing the airlines out at this point would be rewarding them for being over leveraged. We already have a tested mechanism for corporations that have too much leverage for their current environment--bankruptcy. If you reward a highly levered firm like UAL by keeping them from bankruptcy, there's nothing to prevent them from getting excessive leverage again. The risk has been removed. And in the process, a firm that didn't use excess leverage, such as Southwest Air, gets punished because they had a solid business model with a fraction of UAL's leverage.

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