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Technology Stocks : Asia Global Crossing - AGCX
AX 79.38+1.8%Nov 3 3:59 PM EST
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To: TigerPaw who wrote (28)12/30/2002 9:24:54 PM
From: Raymond Duray   of 31
 
Tiger Paw,

I decided to check out the GX thread because their Thief-In-Chief Winnick has just walked away from the mess he created:

nytimes.com

It's interesting to see that a certain attorney has decided that your observation was worthy of such enmity. You must be cutting too close to the bone for the criminal conspiracy. <g>

Re: This may be the largest worldwide swindle in history.

I've read Mackay's "Extraordinary Popular Delusion and the Madness of Crowds" and Chancellor's "The Devil Take the Hindmost" and I would have to say that proportionally, the Mississippi and South Seas bubbles of ca. 1720 were probably equally as bad as the Carlyle swindles. Proportionally in terms of how much devastation was imposed on the general economies of France and England for the sake of a small criminal cabal in charge of the respective governments. But it is indeed rare in history when the general public is so completely befuddled by cranial rectalitis and fails to see through the game.

There is a deliciously rich book to be written about the Carlyle Group. I'd love to have the free time and resources to pursue this band of brigands. Truly it is one of the most remarkable stories in business history.

Cheerio! Ray
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