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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (94300)	4/15/2001 12:36:08 PM
From: maceng2	Read Replies (1) \| Respond to of 436258

Mike, re You should not construe my comments about TL & EV as my desired outcome it is my expectation based upon my study of history and economics Yeah OK, thanks for your view btw. Anyway enough of that.... It's time to break out the tax crosses and start nailing down the folks who believed in the companies they worked for..., The ones who cashed in options and bought the stock. That ul teach um. And serve as an example to others. The economic recovery will be benefited by these actions. Any socialist knows that.. Get them tax revenues up -g- Hell, it's Easter after all. -g- pearly.

To: Mike M2 who wrote (94300)	4/15/2001 4:48:03 PM
From: Ilaine	Read Replies (1) \| Respond to of 436258

>>inevitable unwinding of the excesses engendered by the boom<< In plain English, you mean forced liquidation of assets at rock bottom prices caused by deflationary policies. Who benefits from a foreclosure sale? Everyone knows the only one who benefits is the buyer - not the seller, not the creditor. You say "malinvestments" so blithely, but you have no idea whether you are right or wrong. The words you use beg the question - if there was a bust then there must have been boom. Wrong. In the 1920s-1930s, mortgages were for 1 to 3 years with a balloon at the end, but everyone expected to renegotiate. When banks couldn't borrow money, they foreclosed and people lost prosperous farms, prosperous businesses, homes which had been in the family for generations, all because the credit policies they had come to expect were changed. I don't consider prosperous businesses and farms to be "malinvestments". The owners couldn't sell because no one had that kind of cash and no one could borrow. You may take satisfaction in that, I don't.