To: Frederick Langford who wrote (48788 ) 3/11/2001 2:11:50 PM From: Rande Is Read Replies (1) | Respond to Thanks much, Fred. But not to throw the baby out with the bathwater. . . . I very much like what Mr. Buffet has to say about the blatant manipulation of the markets that has been allowed to go unabated for years. . . to the point where it is absolutely obscene. Buffet not only recognizes that the investment bankers are pulling the strings, he admits that their sole purpose is to STEAL money from as many unsuspecting Individual Investors as possible.Buffett , known for his dislike of Wall Street whizzes, put much of the blame on investment bankers and their partners for the tech bubble, and the pain it has caused many investors.``By shamelessly merchandising birdless bushes, promoters have in recent years moved billions of dollars from the pockets of the public to their own purses -- and to those of their friends and associates.'' entities designed more with an eye to making money off investors rather than for them . Too often, an initial public offering, not profits, was the primary goal of a company's promoters.''Hello, SEC?? This isn't a complaint by a disgruntled online investing quack. This revealing summary of the way these markets REALLY work and who is to BLAME for investor losses comes from Warren Buffet, America's most respected fund manager!!!
