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To: J. P. who wrote (44065)	5/31/1999 11:31:00 AM
From: re3	Read Replies (1) \| Respond to of 86076

if the game is crooked, it is also too hard to make it right... occasionally, people's big toes do get caught in the door, wasn't there something about a secretary who whispered something about a take over in her hubbie's ears...and he promptly told the most important person in his life about it, the local barber... what do we (you) need with an SEC anyway...let it be the wild west...it'd be cheaper ! and no illusions of protection H

To: J. P. who wrote (44065)	5/31/1999 11:43:00 AM
From: accountclosed	Read Replies (1) \| Respond to of 86076

J.P. Thanks, I appreciate your attitude very much. I also respect your views. I wouldn't even say that I disagree with all of your views, either. For example, I agree with your view that it should be discussed by the SEC and regulators on a regular basis. Their job should always be to be vigorous to the issues of fairness in the securities markets.

To: J. P. who wrote (44065)	5/31/1999 4:38:00 PM
From: Ilaine	Read Replies (1) \| Respond to of 86076

Excellent points, J.P. I recently read an autobiographical book by a guy who worked in the bond department of, I believe, Merrill Lynch. There is supposed to be a "Chinese wall" between the sales department, and the analyst's department, to prevent the kind of back-scratching you describe. The temptation to "cheat" makes us suspicious, and sometimes the answer is to remove temptation. Doctors are prohibited from sending patients to allied health facilities they own, e.g., physical therapy centers, or at least it is strongly discouraged. Lawyers are prohibited from taking a business interest in a client's business, except under very strict guidelines. How can a company like Merrill Lynch ethically encourage investors to buy stocks that it has an interest in?