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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Gary Burton who wrote (6031)	6/26/1998 9:31:00 PM
From: Jess Beltz	Read Replies (1) \| Respond to of 10921

Gary, as I understand it, the bridge bank is simply a government agency to supply debt funds to legitimate, sound businesses whose own banks have crumbled (that should give all of you an idea of the degree of the problems there.) The problem with it, of course, is that governments make notoriously bad bankers (as a matter of historical record). The problem I have with it is that it is a temporary expediency to continue the flow of credit as the banking system collapses. It will do absolutely nothing about the bad debt on the books or restoring the banks to a condition of health. It is in no way any kind of reform, and is in fact another "half" measure whose ultimate purpose is to forestall real reform. It is precisely because of this kind of bullshit that the problem of the troubled banks NEVER goes away. jess.