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To: oldirtybastard who wrote (72238)	2/27/2001 10:03:41 AM
From: Andrew G.	Read Replies (3) \| Respond to of 436258

oldirtybastard : people's property/houses are bid on in a typically very private manner and I think most people would be outraged to see their home (with street address) listed in the newspaper daily with it's market price. Or to go online and see it's value rise and fall with each passing moment. Friend, it is the shear lack of information, lack of liquidity, lack of an exchange, lack of turbulence in financing, that gives people the faith (warranted or not) that their home is a more stable place for their assets than the stock market. RE does fluctuate in value but right now only the most riskiest of markets are seeing rapid change. That would change dramatically if your house could be bought and sold like a stock on an exchange. Corporate America's primary assets are continually up for grabs and at the mercy of speculative fervor and investor/trader psychology. I question the morality and utility of such a system. I'm for bonds that are carefully rated and dividends. We can gamble our money elsewhere but American business should have a more stable hearth of assets than we have now. Doing away with the exchanges would be a way to do it, while preserving the publics ability to own stock, join unions, and participate in the growth and rewards of the economy.