Semi-Equips - Buy when BLOOD is running in the streets! Message Board

STOCKTALK

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.

Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 148.32

-3.3%

Nov 14 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gary Burton who wrote (6031)	6/26/1998 9:31:00 PM
From: Jess Beltz	Read Replies (1) of 10921

Gary, as I understand it, the bridge bank is simply a government agency to supply debt funds to legitimate, sound businesses whose own banks have crumbled (that should give all of you an idea of the degree of the problems there.) The problem with it, of course, is that governments make notoriously bad bankers (as a matter of historical record). The problem I have with it is that it is a temporary expediency to continue the flow of credit as the banking system collapses. It will do absolutely nothing about the bad debt on the books or restoring the banks to a condition of health. It is in no way any kind of reform, and is in fact another "half" measure whose ultimate purpose is to forestall real reform. It is precisely because of this kind of bullshit that the problem of the troubled banks NEVER goes away. jess.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next