Bev,
Thanks for the link.. It is indeed scary as it could come to pass..
At the risk of the wrath of all people who oppose government intervention unless it affects them personally, I have to say it
is a good example of people not being able to govern themselves..
So people like LTCM and Tiger Management can risk the financial
stability of innocent people investing for whatever, retirement,
college etc.. just because they are HUGE and GREEDY and want even
more.. with no personal repercussions because they too big to fail.
Even if they do fail, guys like Meriwether, (I think ex-Solomon bond
trader who almost brought them down in the 80's) will have a helluva
living and stashed enough away to start again.. As long as they
operate without some rules like we do, or at least I do, margins etc.
We are at risk..
This should bring on some investigation, which leads me to why need some type of REGULATION in these matters..
But before, to all those people on these boards that will scream at me for my philosophical views about "government intervention"..
GOVERN YOURSELF, and we don't need it..
1. If you are a mining company, don't dump your tailings in the river killing the fish, poisoning the water and harming the farmers
downstream.. REMEMBER the small investor is DOWNSTREAM from LTCM..
2. If you are a Refiner, catch your pollutants before they blow
down wind over the local school.. REMEMBER, your neighbor's 401K
is DOWNWIND from Tiger Management..
So people do the above before being told or FORCED to and we can get government off our BACKS...
Good luck next week... the Coug, on and watching a decent buy signal. |
