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To: mishedlo who wrote (66114)	2/8/2001 9:06:11 PM
From: patron_anejo_por_favor	Respond to of 436258

<<I think if Greenspan cuts rates and it does nothin he is f'd, and he knows it.>> I agree wholeheartedly...and so does Fleck (from tonight's Rap): siliconinvestor.com Al's bailing as fast as he can... Lastly, one might ask how we came to be in the absurd position we find ourselves in today, with this wildly distorted economy. Colin sent me this reprise of a column I wrote two years ago. These are the Cliff Notes of me quoting him quoting me. You got all that? Companies fail ===> Banks bail them out Banks fail =====> Big banks bail them out Big banks fail ===> Countries bail them out Countries fail ===> The IMF bails them out The IMF fails ===> The G-8 bails them out One of the G-8 fails ===> The G-3 bails them out One of the G3 Fails (say Japan) ==> The G-1 bails them out The G-1 fails ===> The FED and treasure try to bail them out The Fed and treasure fail ====> ?? The pattern has been clear for more than a while now. Bailouts do not work. Economic viability and liquidity driven performance are not substitutes. Rationality will return. The hard way.