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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: fut_trade who wrote (19614)	3/21/2000 6:18:00 PM
From: pater tenebrarum	Respond to of 42523

ever heard of the 'Greenspan put'? moral hazard pervades the markets around the globe in a major way, and the responsibility lies with Greenspan and various government agencies as well as the IMF, who continually bail out speculators and lenders when their bets go sour under the guise of having to 'save the system'. in reality it's the old boys network at work, and the 'system' is worse off after these bailouts, as the speculators proceed to take on even more risk.

To: fut_trade who wrote (19614)	3/21/2000 6:24:00 PM
From: re3	Respond to of 42523

from gold eagle... "It is not the critic who counts, nor the man who points out how the strong man stumbles of where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena; whose face is marred by dust and sweat and blood; who strives valiantly; who errs and comes up short again and again; who knows great enthusiasms, the devotions, and spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement; and who at worst, if he fails, at least fails while daring greatly so that his place will never be with those cold and timid souls who know neither defeat nor victory." - Theodore Roosevelt as opposed to us cold and timid souls that are going to sleep comfortably with mu poots in the account... of course the 'odd' one or two of us might wake up into a cold sweat thinking, dang, i shoulda bought MORE...