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Politics : PRESIDENT GEORGE W. BUSH
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To: gao seng who wrote (265681)6/20/2002 11:31:22 PM
From: MSI  Read Replies (2) of 769670
 
"the drop may be deepened and prolonged if people believe (falsely) that all executives and brokers are crooks and the market can never be trusted. A sickly market might cripple consumer confidence and spending - and the economy. There's the true threat. "

The problem: insufficient action taken to assuage the belief that the system coddles criminals at the top. Centi-millionaire execs are NOT forced to disgorge profits, and no one has yet gone to jail. So far, they are getting away with ripping off the investor. No wonder there is a lack of confidence. "Kenny Boy" and his ilk are laughing all the way to the bank, in the minds of investors, worldwide.
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