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To: Mark Adams who wrote (42142)11/28/2003 5:43:42 AM
From: Raymond Duray  Respond to of 74559
 
but I would not subscribe to conspiracy theories placing them responsible.

Good grief! Have you bothered to read the membership roles of PNAC? These turkeys own George Bush and the Pentagon. They don't have to "conspire", because they rule. They rule the foreign policy of the U.S. and they are on record saying a new Pearl Harbor would be awfully f*cking convenient to set up their empire. I'm shocked and dismayed that you don't see through these evil men. You're still playing the fool for some very despicable operators.

Speaking of which, you also said:

Yet I'm cautioned that we must allow the opportunity for individual reform and self growth.

Nuts! Criminals do not engage in self growth. They engage in perfecting their craft. They engage in theft. What we have on Wall Street is a psychotic crowd of unethical, deviant, grasping and cunning criminals in charge of the asylum.

Twenty years ago, I wouldn't have made such a rash accusation. Because there as 100% more ethical integrity among the corner office crowd. There was honor, and there was honesty. But Wall Street has seriously eroded since Ron Reagan came in and started to destroy the regulatory regime that kept Wall Street more or less honest, pensions more or less intact and the taxpayer off the hook for wild schemes that Reagan enabled like the S&L debacle.

One of the few voices of sanity from the more genteel and decent era on Wall Street is Felix Rohatyn. You might know him as the Lazard Freres banker who arranged the financing to bail out New York City in 1976 when the city was facing imminent bankruptcy. Rohatyn has written articles in the New York Review of Books over the years, and recently wrote this for the Wall Street Journal's Opinion Jounal page:

Message 19509093

I have 100% trust in Rohatyn's judgement. On the other hand, I wouldn't leave the CEOs of Merrill, Lynch or Morgan, Stanley alone in my office for fear of what they would try to steal.