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Technology Stocks : Intel Corporation (INTC)

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To: Robert Douglas who wrote (71664)	1/20/1999 10:46:00 PM
From: Andrew Williams	Read Replies (1) of 186894

"Talk about a colossal conflict of interest!" It would have to be a balanced fund. The portfolio managers would probably work for the treasury and report to Rubin. And the funds would not necessarily need to come from tax receipts. They could sell some treasuries and invest the proceeds in ... treasuries. Rubin could hire some of the former Long Term people recently laid off. Just think of the performance our pension fund would have with the leverage they could create. If ever a liquidity crisis arose, the treasury could just repurchase treasuries. Clinton is a genius!

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