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To: LLCF who wrote (167175)5/21/2002 3:43:18 PM
From: Knighty Tin  Read Replies (1) | Respond to of 436258
 
Dak, I don't know. It is hard to prevent fools from being separated from their money. They will find a way. And the law is pretty set in stone on IPOs. I doubt any of these folks broke the letter of the law. You remember back when many of us were trying to keep folks from buying this crap and they laughed at us. It was like cigarettes. The makers put in all the bad things that could happen if you bought the IPOs and the public neither read the warnings nor did they care. And we can't be everyone's Big Daddy.

That being said, the next person who buys any deal from Wall Street is probably too dumb to live.



To: LLCF who wrote (167175)5/21/2002 3:52:18 PM
From: Edmond Katonica  Read Replies (1) | Respond to of 436258
 
<<Don't think that's true. There is wording in Law that states, Knows or should have known.>>

It's true... look it up. How a jury applies it it another thing. I also am talking New York State Law. Eack state has different Tort laws, so check your own State. Tex. may be very different.... like always. it was a country before it was a state. LA law is quit different too.

In reality all those morons like Meeker and Blodget should be tossed in jails with no keys. Blodget lost some suits.

The law is not finished with this matter yet.