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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Katherine Derbyshire who wrote (23551)	8/28/1998 6:10:00 PM
From: derek cao	Respond to of 70976

Off topic: Re: A responsibility which they do not always (or even often) fill without governmental encouragement. True. But they have the choice. A company can always delist and not disclose information anymore. But if you force private company to disclose, that is another story. If you want sell me shares, you need to disclose. Just like if you want a watch, if need to pay for it. Free market does not means you can take watch without paying.<g> (sorry, a cheap shot. can not resist) RE: No, but I was talking about Korea. I thought you were smart lady. So I gave you the short version. Here is the long version: Since IMF and US bailed out Mexico when they were about to default, everyone in the bank industry knew if there was another crisis, their loans would be bailed too. So the risk face the banks were lowered substantially. That is called moral hazard caused by government interventions. I hope this is enough. Derek