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Technology Stocks : Seagate Technology - Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: LK2 who wrote (334)	12/8/1998 9:37:00 AM
From: William Epstein	Respond to of 1989

Larry Kuznets; The great State of Texas was and is a very strange place, legally. For instance until recently, it was legal for a lobbyist to walk onto the floor of the Texas legislature and pay off legislators in cash. The legislators felt no sense of disgrace about their behavior, let alone, guilt or remorse. It has even been televised but I think they changed it. Now they don't allow it on the floor. I have a friend, a lawyer in Texas and he informs me that one can go bankrupt and still retain a Mansion and estate because of the Homestead Act which is still in force, in Texas. The banks can't touch your homestead. They even have certain squatters' laws, still in force, that go back to the 1830s and 40s when Americans emigrated there and began to disrupt the Mexican Spaniards by claiming lands that did not belong to them for use as plantations. Then there was the Texaco/Penzoil settlement. I was aghast when I heard it. 10 Billion? Not that Texaco wasn't guilty but the award was something out of Mad Magazine and a jury of local citizens, with questionable credentials was allowed to arbitrarily decide the amount. As I recall, that was the entire value of the corporation, at that time. Of course, then there are the lawyers. Taken as a group, they can always be counted on to be greedy. Whether its on the floor of a legislature or arguing for their fees. Reams have been written about them even by their own kind. There are sure to be some lawyers listening in and I expect, I'm going to get it, right in the back of the neck. PHOTOMAN