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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Ploni who wrote (5749)	3/30/1998 1:39:00 PM
From: Cosmo Daisey	Read Replies (1) \| Respond to of 18691

I guess I should be writing this on a long board instead of a short board. The names have been documented so many times and the reason for the crash was manipulation by these ten but the message they would have us believe is the individuals caused the collapse with panic.

To: Ploni who wrote (5749)	3/30/1998 1:49:00 PM
From: Mike McFarland	Respond to of 18691

Not so much individuals, but the trusts: "Years later, on a gray dawn in Washington, the following colloquy occurred before a committee of the United States Senate. Senator Couzens: Did Goldman, Sachs and Company organize the Goldman Sachs Trading Corporation? Mr. Sachs. Yes, Sir. And it sold its stock to the public? A Portion of it. The firm invested originally in 10 per cent of the entire issue for the sum of $10,000,000. And the other 90 per cent was sold to the public? Yes, sir. At what price? At 104. That is the old stock...the stock was split two for one. And what is the price of the stock now? Approximately 1 3/4." --I took this from the last paragraph of the chapter "In Goldman, Sachs We Trust" from Galbraith's book, The Great Crash.