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Pastimes : I AM A MINDLESS ZOMBIE -- Ignore unavailable to you. Want to Upgrade?

To: EL KABONG!!! who wrote (9)	8/15/2002 6:20:25 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 258

Kerry, I don't buy the diffuse 'there's no one person to blame' idea. < Not to pick on Mr. Greenspan (or any other individual for that matter), the reporter has made a valid point. Many people, not least of all investors, made many mistakes during the bubble years. To try to single out any one particular party and assign blame, as though we had a civil tort committed, is in my opinion, fruitless. > There is one person to blame. It's the person who paid more than their shares are now worth. That's who is responsible [unless they contracted with an advisor to handle their investment for them - in which case it's still their fault for choosing a bad advisor. An investor's job includes guessing what Uncle Al will do. Since he says he'll keep inflation near zero, it's easy to figure out what he'll do, especially with a 15 year record of action as precedent. Mqurice