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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (65092)	12/4/1999 2:22:00 PM
From: Alexander	Respond to of 108807

SO THAT IS WHERE THE SS TRUST FUND WENT ;-(

To: Lizzie Tudor who wrote (65092)	12/5/1999 3:14:00 AM
From: MSB	Read Replies (1) \| Respond to of 108807

Lizzie, I should have made this in my last comment to you, but your post to Bill makes it a bit clearer (hopefully) to present. I believe the issue is specifically old growth forests and perhaps generally all of the sub ecologies which depend on them. You said: OK, so the public can buy the land in order to stop Chainsaw Charles from chopping it down (thats eventually what happened). Is this a precedent we want to set then? Say a bunch of tremendously greedy rich guys go out and buy up every priceless asset in the country (many of which are commercially available for purchase)... every painting, the Empire State Building, every baseball team, etc... utilizing LBOs, and immediately start dismantling the franchises - oops! because interest payments are due... - fortunately to save the institution theres always the taxpayer bailout... I don't believe your sense of what could happen, would happen. While greed is certainly a driving factor in business, so is common sense. Let us assume for a minute what you think could happen does happen. What if these guys do as you say, and then it turns out they can't find any buyers? Their investments turn into massive losses very quickly. Didn't we see in some ways the very same thing with the Japanese buying property in America? Didn't so many of those investments go south? Also, I would think the only reason an investor would buy a piece of property for the natural resources would be for what he or she could start making money off of immediately. If a bunch of chainsaw happy property owners starting harvesting the resources in mass quantities wouldn't those resources glut the market thereby driving the prices down and essentially make their investments come out at a loss overall?