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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?


To: Ed Zhao who wrote (11026)6/28/2002 2:56:01 PM
From: paul t  Respond to of 11568
 
As long as the accountable, no pun intended, are punished, by blue collar terms - not white, then I am with you. But that sets the precedence to bail other "SELECT" companies as decided by who's in office. Then you get a bunch of companies like Amtrak, which are nothing but Government sponsored monopolies.

If WCOM goes Chapter 11 and not 7 that will be a disgrace. I personally, financially biased here, hope the banks allow them some recovery room.



To: Ed Zhao who wrote (11026)6/28/2002 3:33:40 PM
From: Softechie  Respond to of 11568
 
Can we ask Congress to pay for Ebber's debts too?



To: Ed Zhao who wrote (11026)6/28/2002 5:07:35 PM
From: Ed Zhao  Read Replies (1) | Respond to of 11568
 
At least some of us on this board does not think it's a rediculous idea to ask congress to help WCOM out, if no entities in the private sector came to rescue. After all, with $5 billion loans, it takes WCOM's fate in its hand. It can always take over and sell the company if worldcom does not seem to be able to create a value. We already see offers of $4-5 billions for parts of WCOM now.

If anyone think is a reasonable thing for Congress to act before too many people to get hurt too badly. Let's write to our congress person.