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To: Box-By-The-Riviera™ who wrote (94254)4/14/2001 10:50:01 PM
From: Just_Observing  Read Replies (2) | Respond to of 436258
 
The cost of the bailout of the Tech Workers options debacle would be in the $200 to $400 billion in my estimate (that's 5 to 10% of the money wiped out in the NASDAQ).

Considering that we spend only $25 billion a year on food stamps (the last time I looked), I don't think that there can be any case made for bailing out stupid and greedy Tech workers.

Besides, for every dollar that the Tech workers owe in taxes, their companies got a dollar in tax benefits (hence the popularity of options). So a guy who owes $2.4 million taxes for Cisco options contributed $2.4 million as a tax credit for Cisco. So it's only fair that Cisco should bail out its employees before not J6pack spends his money bailing out millionaires.