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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Roebear who wrote (687)8/27/2001 2:09:02 PM
From: c.hinton  Read Replies (2) | Respond to of 36161
 
I know it sounds callous and uncareing,but it is hard to feel very sorry for people who,because of promises of easy riches ,bet on the market and lost.But of corse we are part of a culture that avoids responcibility when things go wrong.



To: Roebear who wrote (687)8/27/2001 2:29:27 PM
From: isopatch  Read Replies (1) | Respond to of 36161
 
Roebear. That sounds par for the course.

The big W.S. houses have been getting away with this kind of stuff with impunity ever since we've had a stock market. And the ugly stuff that's been swept under the rug by a Bull Market, comes back out in the Bear that follows. Have seen it over and over.

The worst that occasionally happens is a few individuals are slapped on the wrist with fines. Hard time is rare, the higher up you go.

And even in those cases it's a minimum security "tennis ranch".<lol> These firms will always be above the law. Plus the Fed and the rest of the gov will do anything and everything to save any one of them that gets into big financial trouble like LTCM.

What worries me is that the abuses yet to surface will be so much worse that what we've seen so far it will be ammunition for the socialists to get more seats in Congress. In the LT, the big houses are really hanging themselves by building up so much well justified resentment.

Isopatch



To: Roebear who wrote (687)8/27/2001 2:53:31 PM
From: rails99  Respond to of 36161
 
Same page your URL: In so many words, for month to month change from June to July: "Drop in credit card spending in UK of about 3%".

Rails



To: Roebear who wrote (687)8/27/2001 3:23:55 PM
From: Joan Osland Graffius  Read Replies (2) | Respond to of 36161
 
Roebear, Re: Wall Street and the courts.

My father who was born in 1904 and the rest of the people who lived through the 1920's and 1930's knew Wall Street was a den of thieves. I know he taught me well, but it seems not very many people taught their children and grandchildren this truism. Wall Street should become a desolate place after this is all over.

Joan


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