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Pastimes : Ask Mohan about the Market
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To: Cynic 2005 who wrote (10920)12/11/1997 12:30:00 PM
From: Mike M2  Read Replies (3) of 18056
 
Mohan, "herd" on the street ho ho ho. Many financial articles should be under the heading "The slaughterhouse stockyard" ho ho ho .ON CNBS I listened to Larry Lindsey -frmr Fed governor when Ron asked what happens if IMF does not bail out S Korea- he said a lot of commercial banks and investment banks lose money. He said bankers who make foolish loans should not expect the tax payer to bail out the bankers they deserve to lose money. I am paraphrasing this is not an exact quote but fairly accurate. My setiments exactly. Pete foolish people who do foolish things deserve some tough love. The markets need to teach these bankers some discipline. Mike
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