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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Sully- who wrote (51192)5/9/2002 12:08:07 PM
From: Jim Willie CB  Read Replies (2) of 65232
 
the effect of bailing JPM might be worse
think about foreign confidence in our entire system
when does anyone ever think about our systemic flaws?
how and when do they get fixed?
or even addressed?

the system prevailed in plowing Enron under
its assets were sold off
Dynergy got some, and the world continues
its investors were wiped out, for not doing homework
current insider JPM stock investors must be frantic now

why do so many people believe bailouts are effective longterm?
what value is there in bailing out a worldclass casino?
what message?
Clinton's message was clear: do anything you want, and USGovt will bail you out with printed dollars

Bush wont do that
but the conflict among cabinet members will be ripe

unless you could map out a series of dominoes on JPM collapse, do you really know what you are bailing out?
what would happen?
map it out?
take a stab

otherwise, the argument sounds eerily like sameold sameold liberal crapp about big govt corporate welfare, and nationally institutionalized lack of responsibility
/ jim
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