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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (71223)	12/1/1999 12:20:00 PM
From: Michael Bakunin	Read Replies (1) \| Respond to of 132070

Funny, the coverage I read (including on-the-spot stuff from Seattle outlets) made it sound like a small group of vandals were destructive, and the remaining demonstrators merely obstreporous. The NYT quoted one group of the latter shouting "for shame!" at the former. Almost sounded cute. -mb

To: benwood who wrote (71223)	12/1/1999 12:25:00 PM
From: SeaViewer	Read Replies (1) \| Respond to of 132070

When the bubble bursts, there will be many Mark Barton (the Atlanta shooting) on Wall Street.

To: benwood who wrote (71223)	12/1/1999 12:25:00 PM
From: Mike M2	Respond to of 132070

Ben, just a little sample of what an angry mob can do. I keep my viewing of mainstream press to a minimum but I was aware. The press loves the Clintons- I despise them. Thank God for term limits and I am glad that I don't live in NY ho ho ho TL & EV will not be a myth! Mike

To: benwood who wrote (71223)	12/1/1999 7:15:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Ben, This is one the big reasons for my constant anti Wall St and financial media rhetoric. Assumimg I'm right about this market being a big bubble, then it isn't going to be pretty when it ends. Based upon my observations of middle class co-workers and friends, a lot of them aren't going to be middle class when this is over. They are extremely leveraged to real estate assets whose value is partly tied to Wall St. and banking profitability, they are 100% invested (or close), some are selling puts or on margin, and I would go as far as to say when "it" hits the fan some of them are going to be unemployed. Wall St and the financial media have evolved from industries whose job it was to raise capital and market investment information into industries whose job it is to sell stocks to the public at any price, promote equity ownership, pressure corporations into maximizing stock prices instead of business value, and transfer wealth from outside investors to high level managements, venture capital firms etc... I think there's very high probability that there's going to be an enormous backlash against Wall St. and corporate America when this thing blows. It wouldn't surprise me in the least if some less stable souls get violent. Wayne