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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (217331)1/29/2003 10:33:16 AM
From: James F. Hopkins  Read Replies (1) of 436258
 
The States were the main factor in the bubble,
Wall Street salesmen were wineing and dining the
administrators of all the surpluses they had.
For years the States maintained a healthy
( since 87 ) balance of bonds, but in the
late 90s they all dived into the stock market,
including derivatives.
---
They would like you to think that JP6 caused
the bubble, hell he didn't have the money
to make taht bubble , the States did it, and
now they are broke.
Jim
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