Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : The Death of Silicon Investor -- Ignore unavailable to you. Want to Upgrade?

To: Toby Zidle who wrote (698)	8/4/2002 9:01:49 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 1003

Toby, You don't seem to get it. The middle class of America has been betrayed by Wall Street. It's time for the public to wake up to this fact. Here's a book that describes very well why no sane, honest person should have anything whatsoever to do with the carny-barking casino operation called the "markets". amazon.com The Great 401(k) Hoax: What You Need to Know to Protect Your Family and Your Future by William Wolman, Anne Colamosca BLURB: "The 401(k) will turn out to be the greatest systemic financial hoax ever perpetrated on an unsuspecting public," write William Wolman and Anne Colamosca in the opening pages of this book of financial muckraking. They compare this popular form of retirement planning with the Dutch tulip mania of the 17th century, the South Sea Bubble of the 18th century, and the stock-market crash of 1929--and suggest that something worse is on the horizon for people who are planning to live their golden years off the proceeds of 401(k) investing. Wrongly believing that the boom years of the 1990s were typical, "most Americans do not have the resources to ride out the bad markets of the kind that we believe will prevail for the next decade," write Wolman (former chief economist for BusinessWeek) and Colamosca (a veteran journalist). They advise current investors to put their 401(k) money into bonds and believe companies should be banned from matching employee contributions with its own stock (a lesson they draw from the Enron debacle). The authors want even more, however: "What is needed is an FDR-style New Deal for the nation's pension system." The Great 401(k) Hoax is a piece of investment populism, potentially doing for the CNBC crowd what Donald L. Barlett and James B. Steele did for political junkies. --John Miller """"""""""""""""""""""""""""""""""""""""""""""" What you seem to hoping for Toby is another generation of suckers to come along tomorrow. Sorry. It won't be like that. Salaams, Ray

To: Toby Zidle who wrote (698)	8/4/2002 10:19:57 PM
From: Ish	Respond to of 1003

Kudos to you sir. Thanks for telling it like it is.

To: Toby Zidle who wrote (698)	8/5/2002 5:49:18 PM
From: Skywatcher	Read Replies (1) \| Respond to of 1003

Just let me know when the Ken Lay crowd is HANDCUFFED AND BEHIND BARS! Nothing yet...just everyone else that is NOT associated with the RED HOUSE in DC...... CC

To: Toby Zidle who wrote (698)	8/5/2002 9:14:40 PM
From: MoneyPenny	Respond to of 1003

I'm just noodling around SI tonight, far away from my normal threads and found your comments. I agree with them wholeheartedly. SI was much better when we were sticking to investment topics. As for Raymond Duray, he seems to contaminate every board he shows up on in a very unpleasant way. I used to read his comments but he is a crashing bore and very repetitive. Message 17682675 Those were my thoughts about this person then and I eventually went to put him on ignore. Moderated threads at least do not have to put up with him for long. Most people I private message with here have shadow threads set up on Investors hub but there isn't much going on there yet except for Zeev's group. MoneyPenny