Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: greenspirit who wrote (24608)	8/27/1998 12:47:00 AM
From: Aaron Cooperband	Read Replies (2) \| Respond to of 108807

Michael - I was looking out over Juan de Fuca today and saw a submarine going out to sea. I thought you might be on it, but since you've posted today, I guess you aren't! Aaron

To: greenspirit who wrote (24608)	8/27/1998 1:51:00 AM
From: Krowbar	Read Replies (1) \| Respond to of 108807

Michael, Once again you made a wrong assumption. I rarely watch Larry King. The last time was about 2 years ago. I don't "believe" that the S&Ls were mostly ripped off by Republicans. I drove by several S&Ls that were having real estate "meetings" around the Austin area during the early 80's, and virtually every car had a Reagan/Bush sticker. Properties were being "flipped" every few months amongst basically the same group of people, with the S%Ls putting up 100% of the financing cost, for about 10% of the action when a property "sold". The profits were syphoned off every few months by "investors" who usually didn't risk a dime. I was trying to build a motel North of Austin, and had to give up when land prices went up to $10 a square foot. The S&Ls didn't fail because of the economy. They were robbed pure and simple, and virtually nobody was punished, or had to return the millions stolen. If it had been a Mexican with a toy pistol getting $1000, he would have gotten life, but we are talking about white collar crime here. You just scold them. Some of these same people, by the way, mounted a successful campaign to stop the local video store from renting adult videos. It was a good diversionary tactic. Keating also used it. Del