SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : CNBC -- critique. -- Ignore unavailable to you. Want to Upgrade?


To: BWAC who wrote (9397)1/24/2002 11:08:37 AM
From: HandsOn  Respond to of 17683
 
As long as they get in pre market.



To: BWAC who wrote (9397)1/24/2002 11:08:47 AM
From: Bill  Read Replies (2) | Respond to of 17683
 
I'm with you. Enron pales in comparison to the list of crashes that has wiped out over a $trillions in wealth. Cisco is down $400 billion alone. JDSU down 93%, LU down 91%, QCOM down 74%, not to mention IPOs like CMTN and SCMR both down 97% and PSInet down 99.9% and out of business. And the list is seemingly endless. How about a congressional panel that will force those crooked underwriters to restore my portfolio to where it was two years ago?



To: BWAC who wrote (9397)1/24/2002 3:11:08 PM
From: Jorj X Mckie  Respond to of 17683
 
Where is the criminal investigation into the fleecing of investors by the brokerage houses in the ipo's and dotbombs?

Maybe the disclaimer that needs to be signed when one opens a brokerage account should read like this:

"I, the undersigned, understand that the reason that Wall Street exists is to SELL stocks and that Wall Street professionals are trying to make money off of the selling of these stocks to YOU".

They could even run commercials on CNBC every hour on the hour to remind investors of this.

and

It would probably have about as much effect as the Surgeon General's warning on a pack of cigarettes.



To: BWAC who wrote (9397)1/26/2002 10:44:40 AM
From: Michael Grosz  Read Replies (2) | Respond to of 17683
 
You stated:

"Where is the criminal investigation into the fleecing of investors by the brokerage houses in the ipo's and dotbombs? Where is the Congressional panel on that? Where is the SEC?"

You are absolutely right to question, but unfortunately the answer is that NO ONE in Washington will pick a fair fight. The only time you see congress jumping in is after the battle is over. That way they don't have to pick sides and risk losing.

Had Merrill Lynch or Goldman Sachs been forced into bankruptcy due to losses on these dot.bombs THEN you would have seen the vultures circling.

Not to make too fine a political point, but this assumption we have that our elected representatives are somehow smarter than us and/or somehow actually interested in our well being is naive.

They are average joes and janes interested in job security.