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Technology Stocks : Micron Only Forum
MU 230.24+2.5%Nov 26 3:59 PM EST
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To: Richard Russell who wrote (27453)1/30/1998 6:10:00 PM
From: Mike M2  Read Replies (1) of 53903
 
Richard, it is funny how events in SEA were downplayed by the street and now their buddies AG & RR say the bailout is important. I called my representative and said i was opposed to bailing out the banks bad loans in SEA. On the other hand if it would finish off MU I might be inclined to support IMF bailouts-g- I would urge all to let your rep know how you feel. The fed engineered low interest rates bailed the banks out of their real estate mess at the expense of the saver. who will bail out the saver who now has their money in the stock market bubble. The banks should feel the full consequences of their actions FOR ONCE. Conservative bankers of the 30's did not like the idea of deposit insurance because it might encourage reckless banking well IMF bailouts do the same. Mike
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