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

To: BGR who wrote (71666)	12/9/1999 6:35:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 132070

BGR, the action in the financial markets says it all. are you aware of some of the valuations for the i-nuts? IMO it is legalized theft. there is no hope of ever getting a decent return out of most of these businesses. I have to have my dinner but later i will tell you a tale of tough love in the 20s how the banks got out of lending to businesses ( productive credit) and got into purchasing securities , extending loans for securities , and international lending. The collpase in value of the banks securites is what did them. From 1930-33 Public losses from bank failures amounted to $2.5 billion stock market losses amounted to$85 billion ho ho ho Mike