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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (52515)	9/19/2001 9:30:41 AM
From: michael97123	Respond to of 70976

BWAC, If i remember correctly the chrysler bailout ultimately turned a profit for the government. If you oppose a bailout for the airlines, be prepared to accept a national airline system. Also the money the Fed pumps in is for liquidity purposes. It will take years to sop it all up. It will create strong growth down the road and some inflation. I yearn for the days when inflation was a problem. mike

To: BWAC who wrote (52515)	9/19/2001 9:43:32 AM
From: Joseph Beltran	Read Replies (2) \| Respond to of 70976

BWAC I agre with your thinking. I read elsewhere that the ceo "lobby" is pushing the capital gains tax cut because they don't want to pay all those taxes when they exercise their "options", ya know, the ones where they buy a stock which is trading at $55.00 for $3.50 then they sell immediately. I own one company (ASYT) where the ceo has a base salary of close to 1 million. Incredible for its market cap. Next time I pledged to myself I will avoid "investing" in those companies. They are merely a "piggybank" for the executives and their cronies. I think a good part of the money the fed is injecting is going to corporations on convertible bond issues. They can't raise money in the market by secondaries so they are issuing bonds. I don't like the idea of corporate welfare either.