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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (60466)	5/24/1999 10:49:00 AM
From: ForYourEyesOnly	Read Replies (1) \| Respond to of 132070

Agreement reached regarding "influence of Da Boyz"! Stockmarket bailout by AG....."the rate cuts...were totally reckless"... Highly leveraged speculators bailed out....."that is criminal" *A president - rumored to be involved with so much crime that it makes me feel queasy - stays in office. I wonder if Clinton would still be in office if the market had gone El Tanko and stayed there? C'mon.....Da Boyz are alive and well!!! The big question is, when will they allow the bull to die? How do we know AG won't do it again?! I guess since Rubin is moving to safety....that time might be near? THC

To: Knighty Tin who wrote (60466)	5/24/1999 10:50:00 AM
From: Mama Bear	Read Replies (1) \| Respond to of 132070

JJ Cramer opines about LTCM: "Random musings: While I am at it, I see Long Term Capital's making a big-name, big-money comeback, aided by everyone from ex-Goldman biggies to Larry Tisch. That's just super. And so deserving! These guys almost bring down the entire Western world, but, heck, they had some darn good numbers in the early '90s. Why not throw money at them again? I say we go one step further. Let's give them Social Security to invest. If they screw it up and lose 90% of it, you can bet the big firms will step right in again and bail out the fund. The New York Fed will get in and backstop things. What the heck, why not? They've got the size and scale -- we know they were running a couple of trillion, albeit in borrowed funds. They could leverage Social Security up to the nation's eyeball, really roll the dice, and then get the big stopout when they blow it all up again. Sounds logical. You gotta love those guys up there in Greenwich. Now they think big!" thestreet.com Subscription required. 30 day free trial available. Barb