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To: Mike M2 who wrote (12897)1/7/2002 12:10:30 PM
From: Box-By-The-Riviera™  Respond to of 74559
 
so true...

amazing to a degree however, as the information stream grew exponentially over the last ten years.. how in some ways, so little was learned comparatively speaking...

or is that bias talking? >g<



To: Mike M2 who wrote (12897)1/7/2002 12:31:11 PM
From: Baldur Fjvlnisson  Read Replies (2) | Respond to of 74559
 
William, that is the big danger. Once you destroy confidence in stock markets it can be difficult to revive. The Real Fraud Nuclear Bombs haven't even started going off here.

Greenspan's meddling in the market last year, especially his April Emergency Panic Fit[TM], sets a very dangerous precedent. From now on the Fed will have to run to the rescue every time Wall Street yaps.



To: Mike M2 who wrote (12897)1/7/2002 1:10:15 PM
From: lindagraff  Read Replies (1) | Respond to of 74559
 
Thanks for making the point I would have made had I not slept in. Because there were insufficient legal grounds DOESN'T negate the fact that these sleazeballs were acting in the best interests of their bosses and themselves. That's well and good if EVERYONE is aware of it. There weren't.

Add to that, Wall Street investment bankers, who underwrote innumerable IPOs collecting enormous fees. Then advising companies such as NT and LU to purchase numerous companies, some of which were those aforementioned IPOs, again collecting a cut. And not finished, advising those now overextended companies to divest to "return to their core competencies." And behold, again collecting a hefty cut. Great racket!

redherring.com

Regards,
Linda