Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Mike M2 who wrote (12897)	1/7/2002 1:10:15 PM
From: lindagraff	Read Replies (1) of 74559

Thanks for making the point I would have made had I not slept in. Because there were insufficient legal grounds DOESN'T negate the fact that these sleazeballs were acting in the best interests of their bosses and themselves. That's well and good if EVERYONE is aware of it. There weren't. Add to that, Wall Street investment bankers, who underwrote innumerable IPOs collecting enormous fees. Then advising companies such as NT and LU to purchase numerous companies, some of which were those aforementioned IPOs, again collecting a cut. And not finished, advising those now overextended companies to divest to "return to their core competencies." And behold, again collecting a hefty cut. Great racket! redherring.com Regards, Linda

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