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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?

To: Dee Jay who wrote (37530)	12/12/2001 4:54:53 PM
From: Greg h2o	Read Replies (1) \| Respond to of 42804

OT<< But nowhere is there any sort of bias against Republicans that I could discern - I don't think the word even came up in the entire article>> excerpts from the original article which James and I were discussing....you might want to change your tune or actually READ what we were discussing! of course, you've never made a mistake.... <<To the uninitiated, it might seem strange that a Republican president would make an appointment so likely to weaken the SEC..... What makes this strange is that investors are the very group Republicans claim to represent. In recent years they have devised an entire demographic theory that you might call "The Rise of the Investor Class." Its thesis is that stock ownership has risen to the point where it now encompasses a majority of the population. This "investor class" majority supposedly has a distinct and coherent set of economic interests--as owners of capital, they identify with the rich and reject income redistribution. The White House has made references to the idea, and conservatives speak of it in almost Marxian terms, as a heroic class destined to sweep liberalism into the dustbin of history. The investor class, as conceived by its GOP champions, is overblown. Mainly, it is an excuse for Republican politicians to claim that the interests of their K Street benefactors mirror the interests of most Americans. In truth, capital ownership remains wildly unequal--the secretary who stashes a bit of her pension in the stock market has little in common financially or politically with Bill Gates. When it comes to financial regulation, however, there really is an investor class, and it does have a coherent interest--namely, strict regulation ensuring that the information available to stockholders is accurate. Unfortunately, the K Street lobbyists who represent the financial sector have a diametrically opposed interest. The choice of an SEC chair, therefore, offers an almost perfectly designed scientific experiment to determine where the GOP's true loyalty lies. The result? Goodbye, investor class. Hello, Harvey Pitt.>>