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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.62+0.2%1:48 PM EST
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To: S.Pete who wrote (12968)8/9/1998 11:17:00 AM
From: Glenn D. Rudolph  Read Replies (1) of 164684
 
From Barrons:

The banks were created by Congress during the Depression to provide savings
and loans with the low-cost, long-term funds that enabled them to introduce the
ever-popular 30-year home mortgage. DelliBovi, one of the authors of the new
plan, asserts that big securities firms like Goldman Sachs, Rubin's former place
of employment, wanted the proposal killed because the 12 federally chartered
banks would have become a more attractive place for many mortgage lenders to
borrow their funds. DelliBovi contends that, with an initial stock offering
looming (the partners vote this week on whether to take the firm public),
Goldman Sachs has no desire to see more competition. "That's what this is all
about," he says, adding that Rubin "may keep his money in a blind trust, but
Rubin is not a blind man."

Good old GSDW:-(

Glenn
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