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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: KLP who wrote (242335)	3/16/2008 10:37:54 PM
From: Joe Btfsplk	Read Replies (2) \| Respond to of 793955

Karen, I'm aware of your general location and was jes' pullin' yer chain a bit ;>]. Shucks, until a year ago I was in McDermott's district. I'm guessing this, like the Big One, was essentially a fiat money failure compounded by utterly irresponsible and economically illiterate administrations and congresses. The too clever financial shenanigans followed. LB has chided me, insisting that they pretty much had gotten the hang of running our monetary system. Maybe better than in the twenties, but..... (s)Pissant bagholder

To: KLP who wrote (242335)	3/17/2008 2:33:08 AM
From: MJ	Respond to of 793955

KLP Go back and read about the Tulip Bulb mania i.e. 1920's or 30's. Quite literally everyone was going to get rich on tulip bulbs. Fortunes were lost. The stock market is no longer a place for investors----it is truly a gambling arena. When I first started in the stockmarket I read annual reports, followed all of the indices, followed the short interest-----no naked shorts then-----there were no hedge funds------off shore funds. Companies rarely declared bankruptcy--------now it's the accepted practice. Stockholders votes mattered and were courted by corporations. No longer is that true. Stockholders are the last to know.------often until the company declares bankruptcy------then the class action lawsuits get filed, the lawyers take 99% of million dollar settlements. Instead we have firms such as Bear Sterns, Merrill Lynch, etc. that have their analyst and put out glowing reports----then as rapidly reverse their reccommendations. There was no outsourcing of jobs, no transfer of patents and technology to other countries. Well I have had my rant--------get the picture. mj