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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era
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To: porcupine --''''> who wrote (801)9/24/1998 6:44:00 PM
From: Freedom Fighter  Read Replies (1) of 1722
 
>>"Seeing a Fund as Too Big to Fail, New York Fed Assists Its
Bailout"<<

None of us wants to see the financial system melt down, but we can now see the cumulative effects of using liquidity and bailouts to prop up a system. It encourages speculation and makes the leveraged bubble larger and larger.

It used to be that just a very small handful of commercial banks were considered too big to fail. The risks to the system were thus assumed to be socialized to some degree. NOW, private speculators who generate dangerous excesses with enormous leverage and thus wind up causing significant losses for ignorant investors are also too big to fail.

Any American who thinks this is good idea and the correct long term path for our economic well being should be ashamed of him or her self. This sort of stuff is a long term disaster in the making.

Enormous amounts of middle class money around the globe is being used to protect the system from a bunch of irresponsible speculating hoodlums. That includes not just hedge funds who have suffered some losses, but global banks and brokers. The poor are protecting the rich because the alternative is even worse. This is sick and depraved.
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