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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (2754)7/20/2002 4:30:36 PM
From: SOROS  Read Replies (2) | Respond to of 89467
 
I've got a cut on my finger. I'll bet this guy would love to pour lemon juice on it. This guy makes me look like Larry Kudlow. Sad thing is, I do realize that this scenario is at least a possibility. Most American investors either refuse to acknowledge this or simply don't have a clue. If it pans out, the pain will be more extreme than ever before because people are about 1/10 as "tough" as they were in 1932. Plus, you have generational troubles like never before. Those above 70 will handle what comes. Those from 60-70 will be extremely depressed. Many of those 40-50 will jump from buildings. Those in their late 20's through 30's will try to figure out a way to take from others in their families. The teenage through early 20's generation will turn violent. I hope it does not pan out this way, but in terms of prophecy, I can't deny this would not make sense. And in terms of human nature, simply based on what we know of WCOM, Enron, etc., there is a high probability that the thievery goes almost completely throughout every public company.

I remain,

SOROS



To: stockman_scott who wrote (2754)11/19/2002 9:41:17 AM
From: T L Comiskey  Read Replies (2) | Respond to of 89467
 
scott...re "he speculative mania began in 1994, shortly after Congress overrode President Clinton?s veto of legislation that protected corporate executives from being sued by shareholders for lying about earnings. Freed from civil liability, and faced with the prospect of making incredible fortunes on their stock options, the leaders of America?s public corporations invented fairy tales in order to con the public into buying equities. "

The 94 Congress...Hmmm
wasn't that Fat Sack O' Dung ...Newt G. prancing about as the fearless leader of the House at that time...
Sure hope his retirement and SS is safer than yours and mine