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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: see clearly now who wrote (2170)	2/15/1998 11:11:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 9980

Arnold: [...of the culture of letting every one fend for themselves (US SL Crisis) and the one lesson that I have most recently discovered of socializing the debt of the banks and large companies who risked too much and never loose much..if we all......] Thank you for participating and expressing your views on various issues. I must beg to differ with you on the above issue of US S&L fiasco.If I recall correctly, it cost the U.S tax-payers couple of hundred million dollars to bail them out and as such your assertion that " letting every one fend for themselves" seems a little off base. I think what I am saying is correct, but do correct me if I am wrong. Once again thanks for expressing your point of view.