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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Bill Ounce who wrote (45716)	1/25/2000 1:35:00 PM
From: KeepItSimple	Read Replies (3) \| Respond to of 94695

>This was back in 1995. I wonder how much of this sort of thing still >goes on today? You're joking, right? Practically every major brokerage in this country violates securities laws hundreds of times a day. bid rigging, front running, good old fashioned tape painting- you think of it, everyone is doing it. The VC community is getting worse every day- following in the exact footsteps of the japanese before their markets totally collapsed in 1989. Amazon knows they'll never turn a dime through operations, so they are increasingly investing their cash horde into other small startups in hopes of return after an IPO. Kleiner Perkins invests money into shells of software companies with no earnings, no product, and no staff- then uses their influence on the board of big public companies to buy those shell companies for huge amounts of stock, thus enriching the kleiner perkins partners who participate in such fraud. Recently, infospace invested money into a company in order to show profits when that company bought services from infospace, using Infospace's money! I kid you not! I repeat- half the valley is going to be in jail when the public finally wonders where all their money went and starts looking for someone to blame other than their own stupidity.