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Strategies & Market Trends : Classic TA Workplace

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To: yard_man who wrote (52398)	9/3/2002 4:59:10 PM
From: reaper	Read Replies (1) of 209892

<<it was only 4k shares>> that is precisely the point, IMO. it is emblematic of how the well-positioned, who didn't need the money in the first place, went to every effort possible to fleece Joe Six Pack for every last penny in the late 1990s. Kozlowski's (alleged) tax evasion was 'only' $1 million. Bernie Ebbers IPO allocations were 'only' a couple hundred thousand shares. none of these actions in and of themselves are a big deal. but they add up to show an elitist class that was practically pathologically obsessed with grabbing every nickel and dime available to them, their 'intellectual' justification being that 'everybody else is doing it'. as we have talked about before, the 'recognition' wave is just beginning to set in. even though the politicians (and have no doubt, AGs are politcians too -- see Rudy Guilianni) were complicit in the robbery, they know which way the winds of popular opinion are blowing and are going to try to make an example of that same elitist class they helped along to their ill-gotten gains. meanwhile in the real world a 46-year-old laid-off auto-worker in Lansing wonders if F will even be sufficiently liquid to pay his pension in 5 years.... Cheers

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