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Technology Stocks : Dell Technologies Inc.
DELL 125.67+2.6%1:51 PM EST

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To: nihil who wrote (68835)10/2/1998 1:16:00 PM
From: Ken Beal  Read Replies (1) of 176387
 
Hi nihil,

Re: A credit collapse destroys wealth. I prefer not to have wealth -- even other peoples' -- destroyed.

I agree 100%. I hope only for the best for everyone.

However, I still maintain that intervention was unnecessary -- Warren Buffett had already extended a helping hand.

Even though no Fed money went to bailing them out, my tax dollars pay the salary of the Fed employees who negotiated the deal.

LTCM should have negotiated directly with Warren Buffett and not gotten the devil^H^H^H^H^Hgovernment involved.

Cheers,
KenB

PS Speaking of Buffetts, I bet that after Georges went through, Jimmy now has more than six holes in his freezer. ;-)
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