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To: GVTucker who wrote (144005)	9/24/2001 11:33:31 PM
From: Amy J	Respond to of 186894

Hi GV, RE: "the result of poor risk management" I agree with you. I don't like how our government rewards overly leveraged businesses. It's like saying, "you get rewarded if you're irresponsible." "And you get penalized if you're responsible." Unbridled risk can be destructive. Why reward it? (Though I do concur the airlines should get $1B because the government forced them to shut down, but I don't think I could agree with $15B.) Regards, Amy J

To: GVTucker who wrote (144005)	9/26/2001 3:08:09 PM
From: John F Beule	Respond to of 186894

"Sorry for the extended ramble. " That was anything but. Great post, John

To: GVTucker who wrote (144005)	9/26/2001 4:23:31 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 186894

Great post, GV. As for this part of your post: <Replace the Fed with a computer program and publish that program's decision-making model for anyone to see.> How much do you think I can sell this computer program for? if (StockIndex goes up) { RaiseInterestRates(0.5%); } else if (StockIndex goes down) { LowerInterestRates(0.5%); } Tenchusatsu

To: GVTucker who wrote (144005)	9/27/2001 10:53:16 AM
From: GST	Read Replies (1) \| Respond to of 186894

"By bailing out Chrysler, the government helped our highly inefficient companies reinforce their structure." This bears no relation whatsoever to the facts -- none. Chrysler went on to be one of the first companies to restructure in such a way as to lead the US economy into a decade of productivity improvement that we were doubted was still possible. It is little wonder that IBM tapped the CFO from Chrysler when Gerstner needed somebody who really new how to restructure a company. Your example shows how dangerous it is to base your argument on examples when you do not appear to know the first thing about the examples you cite.