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

To: Jacob Snyder who wrote (24704)	9/29/1998 8:12:00 AM
From: akidron	Read Replies (1) \| Respond to of 70976

very rosey mr, snyder... except that LTC should have been allowed to default if we were to apply the same standards to it as we do to IMF loans, and the point is that it's exposure reached 1.2 trillion before anybody noticed.... 1.2 trillion, so much for our much heralded controls.... I would go further... most american's are right now used to spectulative returns on capital employed, and have powered the market to ever increasing and unrealistic hieghts while we have impoverished the world (which is our future market).... it can only end badly. Of course we will recover.... but in Gilette you have in fact highlighted the danger we face... a consumer product co that was selling at 40 times earnings until people realized that a three blade razor that can't do a decent job of a stiff upper lip was not a csco.

To: Jacob Snyder who wrote (24704)	9/29/1998 11:26:00 AM
From: steve olivier	Respond to of 70976

BS, to no US tax payer money will be used. Why do you think that the FED is even considering a rate cut? The reason is to make sure the banks make lots of money (lower rates = lower cost of funds to them) during this period to offset their losses on LTC. And who do you think loses with lower rates- how about depositors? The nerve we have to tell Japan to just let their banks fail and then we do this. Is it do as I say not as I do? Nice example we are setting and our president is a joke! This is BS and will eventually bring this country down with the rest of the world (1/3 of which is in a depression).