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

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

LRCX 139.60

-6.2%

3:59 PM EST

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To: Michael Sphar who wrote (6121)	7/1/1998 1:32:00 PM
From: Joseph Beltran	Read Replies (1) of 10921

Michael, The debt to equity ratio of most conglomerates in south korea is absolutely mind-boggling. No legitemate company in the u.s. could operate successfully with that sort of balance sheet. What should have occurred last year (and a good probability that it might still occur)is an outright default on the part of these countries. let the people/institutions that made those loans assume the full risk. Instead, we are being forced to use taxpayer $$$ through the imf to bail them out. I am ignoring, of course, the ramifications that an outright default would have on the world economy, but a good part of me is so pissed off at the mindless manner in which we go around giving away our taxpayers $$$ to save everyone else's ass.... regards

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