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

To: BGR who wrote (72139)	12/23/1999 12:03:00 PM
From: Lymond	Read Replies (2) \| Respond to of 132070

re: Not me, but then I guess I work for a living, so I am biased. The age-old populist lament; William Jennings Bryan would be proud. One might wonder how you would perceive the risks of a perpetually easy money regime. Would you view it as desirable if the Dow went to 100,000 tomorrow? But I digress. The point I wish to make is that there is a dark side to the socialization of risk that pervades the global financial system. Just ask any formerly middle-class Thai or Indonesian. Serious reform is needed, primarily to transfer the risks more to financial institution stakeholders and away from society as a whole. And to respond in equally gratuitous (if not childish) fashion, I too work for a living. Does this prevent you from thinking objectively?