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To: Gary M. Reed who wrote (6586)2/24/1999 2:05:00 PM
From: mike machi  Respond to of 12617
 
Living in P.A. and having to listen to Capt. Klink is a nightmare. He should have stayed at TV2 predicting the weather properly 25% of the time.

MM




To: Gary M. Reed who wrote (6586)2/25/1999 10:38:00 AM
From: pae  Read Replies (2) | Respond to of 12617
 
Gary, to my thinking, cyberspace didn't need another rant - particularly from me. (Dennis Miller on HBO did have a very appropriate rant friday nite about taking responsibility for one's own actions.<g>) I was thinking more about directing my displeasure toward DC where it would at least be ignored by persons positioned to act, or more appropriately NOT to act, on the issue.

On a western PA political talk show last evening, Sen. Santorum (Junior Republican: socially conservative, fiscally liberal) was asked if Ron Klink was a good pick for the Democratic nod to challenge presumably Santorum in the upcoming Senate race. Santorum danced away from a reply of substance, but my point was actually that Klink may be trying to ride the anti-daytrading horse toward a senate seat. I suspect many white shoe firms would be willing to subsidize legislation and/or a senate career dedicated to legalizing MM theft.

Silicon Valley's failure to lobby DC has been seen as the cause of some of the anti-trust and anti-technology nonsense emanating from DC. I am concerned that a failure on our (traders, aggressive investors) part to warn congress off might have similar repercussions to us.

If anybody knows of someone/thing already doing this please point me in that direction, thank you.

I read about so very few traders making the cut so here is a suggestion for an almost-trader who has skills as a rabble-rouser: start an Independent Traders Association. We need lobbying representation, we need taxation representation, we need to not be blind-sided by an ambitious senatorial candidate serving only his/her own political objectives.

Me? No, I'm making too much money/got too much future tuition to pay for. If anyone is aware of an organization already serving this need, thanks for the pointer. Beware, though, of organizations that may APPEAR to be a traders org, but are in fact a stalking horse for a particular company such as Momentum. (Hint, check out the organization directors and the voting power of independent members.)

Regards, pae