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To: LLCF who wrote (74355)	3/2/2001 12:41:48 AM
From: TobagoJack	Respond to of 436258

Our capitalist government run by the tycoons only intervenes when (a) the attack is coming from the outside, (b) their personal assets have not yet been extracted from the fire, and (c) the intervention is expected to produce a profit. Now, conditions (a) and (b) are not met, and (c) only relevant once the index tanks from the current 14k to around 8k. I would say, if anything, the coons are shorting the shares. I still remember the day of that infamous intervention, because I thought my PC had broken down - the intraday index chart was simply amazing, and completely flat lined. Not one of the most exciting day for the traders. My wife's HBS classmate was the first assistant of the HK Monetary Authority Chief and he was late off work that day as the government spent more than they thought they had to ... US$ 10 billion (all night accounting session for the news release). End of story ... the government doubled its money by (a) selling the shares in the form of a unit trust, and (b) instituting a mandatory retirement fund policy. Bush is less ambitious, only allowing voluntary purchase of shares by the SS fund. Chugs, Jay