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Politics : Bill Clinton Scandal - SANITY CHECK -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (27139)	1/11/1999 7:55:00 PM
From: Bill Murphy	Read Replies (1) \| Respond to of 67261

Michelle, Yep, you are correct and the game is over. Tapioca. Watch the price of gold fly - finally. Bill

To: Lizzie Tudor who wrote (27139)	1/12/1999 2:39:00 AM
From: JBL	Read Replies (1) \| Respond to of 67261

<LCTM is an 80s invention, as was junk bonds, Milken and all of his ilk. The reagan era is when all the crazy financial pyramid schemes were defined.> Michelle, No doubt about it. And if Reagan had acted the way Clinton did, I would want him in jail too. (I don't know enough about his personal role in the Contra story to judge wether he should have been impeached). And now that I think of it, Nixxon should have rotten in jail too.

To: Lizzie Tudor who wrote (27139)	1/12/1999 9:15:00 AM
From: Bill	Read Replies (2) \| Respond to of 67261

<<The Reagan era is when all the crazy financial pyramid schemes were defined. >> Yes, and there were rumors of politically connected investments of $1,000 turning into $100,000 overnight in the commodities markets. Damn Reaganomics!

To: Lizzie Tudor who wrote (27139)	1/12/1999 9:45:00 AM
From: Les H	Read Replies (1) \| Respond to of 67261

Hedge funds have been around for decades. You're really grasping for straws as a a desperate liberal Democrat. As for junk bonds, high yield bonds were used by municipalities and secondary businesses in order to raise funds for public works and other useful means. As with any mania, such as Amazon.com, people get comfortable with the high returns and don't pay attention to risk. Now, that's a pyramid. Emerging market debt is the junk bond of the 90's. I haven't even mentioned the stock option mania of the 90's and the associated accounting gimmickry on which Silicon Valley is currently addicted. As for pyramid schemes, the government runs the largest pyramid schemes: Social Security and lottos. Only the government is legal to run these pyramids.