SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Ask Michael Burke
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Joseph G. who wrote (20708)7/20/1997 7:30:00 PM
From: Knighty Tin   of 132070
 
Joe, Bob Rubin used to be a straight-shooter when he was at Goldman, but he has become as slick as Willie in his Civil Service job. -g-

Actually, he is not saying he would protect the market. He is saying that a market crash would not hurt the economy. Which just ain't so. So much of the economy is confidence, consumer confidence, confidence to invest in capital projects, confidence to buy the stocks of new cos., and confidence to underwrite the debt of cos. who make their money in the economy. My guess is a serious market crash would devastate the economy. Not 1000 points, but 3000-5000 points and the soup kitchens would start again.

MB
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News