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To: Bobby Yellin who wrote (38119)	8/1/1999 10:31:00 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 116764

boy do you have allusions of grandeur..nobody on this thread would want to see harm come to you... Well, that's reassuring.... :0) Btw Morgy, when someone uses a " :0) " sign, it is usually meant to convey humour or sarcasm. Now go back and reread my post focusing on where I put that little doohickey, you'll catch the context. As for govt bailing out banks and vice versa, its been going for hundreds of years, all the way back to the Hapsburgs and Charles V and longer, and in this country, back to the financial panic of 1907, which led to the creation of the Federal Reserve. So with regard to bank failures, I have to ask you a couple questions. If a major financial institution fails, triggering a credit/liquidity squeeze or additional failures, JUST WHO WILL SUFFER the greatest repercussions of such an event?? (and don't tell us it will be the bankers) Since depositor money is "guaranteed" up to $100,000 isn't that, by its very nature, a subsidy (since banks only pay a relatively small premium for the insurance)? US is growing more and more a class of working poor.. As compared to what particular period in our history where we had no working poor? Maybe we need to revisit our happier periods where people worked in sweatshops, instead of in cubicles.. or where people worked 12 hour days, 6 days a week, instead of 8 & 5. You see Morgy, I don't understand where you're coming from. I have no great love for the mega-financiers or gold tycoons. You should be more focused on economic growth and employment figures, not whether or not we have "hard money" or not. The average working stiff can handle a bit of inflation so long as he has a good job to go with it. It's the bankers and the wealthy who hate inflation because the money they loan out gets paid back in cheaper dollars, lessening their return. Regards, Ron

To: Bobby Yellin who wrote (38119)	8/1/1999 10:39:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 116764

Bobby, Life has never been fair and the profits ( and losses ) on Wall Street have mostly gone to the mega rich in this country, the top 2% of the population. What would you like to see changed? I think that the Capitalist has a right to make a great profit since he runs the risk of losing his capital. On the other hand, the worker who helps shape the product often cannot afford to buy the product on the salary he receives from the Capitalist. If I'm not mistaken, Marx referred to this in his " Economic and Philosophical Manuscripts" as " Alienated Labor". Today, however, there are many Entrepreneurs who are self-employed who escape this type of alienation and de-humanization. I'd like to hear more from you as to what needs to be specifically reformed here.