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To: Tradegod who wrote (74318)	8/17/1999 6:59:00 PM
From: KeepItSimple	Respond to of 164685

Your thoughts on the Bear Stearns analyst who "blew the whistle" on his employer for pressuring him to not have negative comments on First Union Bank, due to the investment banking relationship. (It was a CNBC story this evening) --------------------- Do you even have to ask? The entire industry has become so corrupt that they'll have to build new jails to hold everyone that is given the shiny bracelets when this bubble collapses. Every brokerage everywhere, almost without exception, pimps for stocks that they have underwriting/secondary/banking relationships. The public is completely unaware of this, and thinks that when Joe Blow analyst from such and such brokerage issues a "strong buy" that analyst is HONESTLY TRYING TO HELP THE PUBLIC INVESTORS. Don't even get me started on the issues of illegally manipulating floats, or allowing shorts to borrow more shares than exist in the public float, or pumping and dumping, or any of a myriad of issues. In the end, it will all end badly, and a lot of these people will end up in jail. But let me repeat this.. This is all you need to know: AS LONG AS EBAY GOES UP 10% A DAY, NOBODY CARES. Sitting in a local restaurant recently, I overheard a conversation between 5 guys who obviously worked at a venture capital fund here in palo alto. (Nobody ever mentioned the firm by name, but they did mention an auto accident that snarled traffic near their office on page mill rd, which I happened to get stuck in that afternoon) One of the men expressed his disbelief that he had to beat off investors with a stick who wanted to buy "this worthless crap" at $20 a share before the IPO. It will end badly. Mark my words. But that time appears to be a long way away- and until then the only game in town is to join the corruption and BUY THESE STOCKS. They're going in one direction only, and that's to the moon.