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To: AllansAlias who wrote (45602)7/14/2002 9:14:01 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 209892
 
Allan the issue at hand is that people should know better after all we do not use an ax to get our way. We elect people to office to design laws and establish institution to protect us from the very same affairs you blame on human nature.

As related to financial market we established CB's and Treasury to guide and if needed to interfere in financial matter we have SEC, CFTC and DA's to oversee that market participants are obeying the laws design to protect the electorate.

They all failed and failed so badly that now pensions of hardworking people who did not even participated in the sickening bubble are loosing their pension or 401K, or other savings.

To assume that the whole affair was just another uncontrolled mania is an insult to common sense. WS transgressed any norm and Clinton in his desire to reelected ordered the watch dogs shut. Shrub came to rule the land and turned a blind eye as the monster was to big to handle.

Now after all that Europe is copy cat'ing the concept to get over their own home made inflation and budget deficits of close to 3% of GDP by propping up the EUR.

Shrub hopes that a low USD will bail the US economy and it's stock market.

...... all those actions may were not done with a purpose to hurt J6P but unfortunate those responsible for J6P well being let his money be siphoned into crooks and WS types pockets.

What happened at LTCM, DOT.COM, WCOM, ENRON, DT, LU Vivendi and a long list of similar organization was well known to ALL regulatory participants from Robert Rubin to AG to the SEC and so ...... and their crime is that they let it happen.

Shrub crime is that those ill gotten profits are not returned to J6P as Federal crimes can be persecuted for 10 years meaning bell before 1995, and those robbers are not forced to disgorge their stolen bounty nor are they thrown in jail. ....... and yes I do believe that the lack of intervention by the elected and nominated representatives and officers was malice ......... other wise they would have acted vigorously long time ago ......... sadly they did not and are not.

Message 15121513

Message 13949693

.......and back to TA was any one aware in 1995 that NAZ will hit 4500 ? or when I turned outright bearish was any one sure that we will see NAZ 1000 ?

April 2000....... Hot air ??
So on balance we have a net excess of somewhere in the $22 to $26 trillion of HOT AIR or 3 times the US
GDP, paid by hard earned money in the US alone. Those staggering amounts of money were contributed by
people from the world over buying just HOT AIR

Message 13468456