Shortwave Sportfishing wrote:
Look at what happened to NASDQ and the Dow starting in 2000. They were
totally and completely over valued during the Clinton Administration
due to the lack of SEC enforcement.

You mean, like the SEC not coming down hard on George W. Bush Jr for his
many infractions?

DSK

Great. They can listen in on my phonecalls as I try to find a roofer this
week, set up an appointment for the kitten to get her shots, and try and
finish selling one more truck of Joan of Arc beans. Anyone need $16,500.00
worth of kidney beans, 3 kinds available, any mix you want? Delivers end of
September. 1615 cases, 24 15.5 oz cans per case. Makes a great gift for
someone with a garage the size of a 40 ft trailer.

You could probably ship them to the Astrodome - sure they would not go
to waste.

"Tom" wrote in message
...

Great. They can listen in on my phonecalls as I try to find a roofer this
week, set up an appointment for the kitten to get her shots, and try and
finish selling one more truck of Joan of Arc beans. Anyone need $16,500.00
worth of kidney beans, 3 kinds available, any mix you want? Delivers end
of
September. 1615 cases, 24 15.5 oz cans per case. Makes a great gift for
someone with a garage the size of a 40 ft trailer.

You could probably ship them to the Astrodome - sure they would not go
to waste.


It's already under discussion. We donate a lot of stuff to food banks, too.

You mean, like the SEC not coming down hard on George W. Bush Jr for his
many infractions?


Shortwave Sportfishing wrote:
I'm not aware of his "many" infractions, - I'm not even aware of one
and would appreciate some info on that.


The whole Harken Energy deal would have landed anybody else behind bars.

Be that as it may, every major corporation benefited from the false
monetary values of EBITDA, but the best benefits were from the dot.com
companies who were mostly friendly to the Clinton Administration and
contributors.


Oh yeah, that's definitely true.
And not only that the Clinton Administration caused my beer to go flat!

Don't you Clinton-haters ever get tired of hearing the same old ****?

Doesn't it ever occur to you that the people screaming so loud about
blaming whatever's wrong at the moment on Clinton actually are trying to
distract you from what they've been doing themselves?

DSK

The whole Harken Energy deal would have landed anybody else behind bars.


Shortwave Sportfishing wrote:
Bull****. There are deals like that done all the time and I don't see
thousands of CEOs in jail because of it.

Really? You mean that thousands of CEOs use family connections to set up
a business with no assets using foreign capital, leverage it into a
stock swap with a company to get in on looting *that* companies assets,
then sell *all* their own stock in the now-bankrupt company before any
accounting info is made public? And then have the investigation
dismissed (and thus all charges dropped) by a prosecutor appointed by
that CEO's father?

Yeah Tom, I'm sure that happens all the time.


It is - I'm not making any of it up. That's what caused the tech
bubble which brought the house of cards down. I couldn't embellish it
even if I wanted to - it's exaclty the truth and exactly what
happened.

I'm sure you believe that Clinton somehow drove up tech stocks.

The truth is that it was a market situation... people were convinced the
stock market never goes down and that these dot-bombs (with no assets...
hmmm, where have we seen that before) were sure to bring home the mint.
A cycle of irrational buying drove up the tech bubble, nothing else. If
the irrational buying weren't happening, none of those stocks would have
gotten off the ground in the first place.

You may be right about the Clinton Administrations complicity &
garnering party funds from these companies, but did they create the
irrational buying? You've got the cart before the horse.



Don't you Clinton-haters ever get tired of hearing the same old ****?


I never, once, ever said I hated President Clinton - not ever.

No, you just join in the chorus blaming him for everything from the
stock market crash to warm beer.

DSK

Shortwave Sportfishing wrote:
No I don't. What created the false valuations? EBITDA which the
Clinton Administrations SEC allowed as a value generation methodology.
Essentially, you could value nothing as something.

And, if the market in general... those buying stocks... had greeted
these valuations with a big yawn, they'd have gone nowhere.

Unless you believe that some kind of secret gov't laser satellite ray
controls people's stock buying behavior, there is simply no way that
artificially high stock prices are the gov'ts fault. If anything,
Greenspan & Co tried to point out aberrations and unrealistic
expectations often... only to have eggs & rotten fruit thrown at him by
the market movers & shakers.



That's what created the false valuations to begin with which created
the heated market which created the bubble.

I don't have it backwards - you do.

Perhaps so, but you're the one looking in an upside down mirror.

Funny, you don't seem to see the contradiction between believing in the
power of a free market, and insisting that a small gov't committee can
control the stock market.

DSK

And, if the market in general... those buying stocks... had greeted
these valuations with a big yawn, they'd have gone nowhere.


Shortwave Sportfishing wrote:
You believe what you want to believe - I'll believe the experts from
both sides who agree that's exactly what happened.

From both sides of what?

Do the "experts" explain why these dot.bomb stocks zoomed up in the
market, if nobody was buying them?

DSK

"Shortwave Sportfishing" wrote in message
...
On Thu, 01 Sep 2005 13:34:27 -0400, DSK wrote:

Shortwave Sportfishing wrote:
No I don't. What created the false valuations? EBITDA which the
Clinton Administrations SEC allowed as a value generation methodology.
Essentially, you could value nothing as something.

And, if the market in general... those buying stocks... had greeted
these valuations with a big yawn, they'd have gone nowhere.

Unless you believe that some kind of secret gov't laser satellite ray
controls people's stock buying behavior, there is simply no way that
artificially high stock prices are the gov'ts fault. If anything,
Greenspan & Co tried to point out aberrations and unrealistic
expectations often... only to have eggs & rotten fruit thrown at him by
the market movers & shakers.

That's what created the false valuations to begin with which created
the heated market which created the bubble.

Another reason was the limit on compensation deduction imposed by
Clinton.......it made stock options that much more valuable......and gave an
incentive to drive up stock value at the detriment of long term fiscal
responsibility.


I don't have it backwards - you do.

Perhaps so, but you're the one looking in an upside down mirror.

Funny, you don't seem to see the contradiction between believing in the
power of a free market, and insisting that a small gov't committee can
control the stock market.

You believe what you want to believe - I'll believe the experts from
both sides who agree that's exactly what happened.

There is not a totally free market as long as guvmint regulations and tax
policy are involved.

P. Fritz wrote:
There is not a totally free market as long as guvmint regulations and tax
policy are involved.


That's true, but it can't really overturn the laws of supply & demand
totally unless the gov't squashes market forces... which is usually both
obvious and disastrous.

So, should we take it that you're also of the opinion that some kind of
secret pro-Clinton committee used some kind of evil mind control to make
people bid up the prices of dot-bomb stocks during the late 1990s? Where
was the Republican controlled Congress during this process?

DSK

~~~~


http://www.buccaneerpublishing.com/Cmelak.htm , dedicated to Antigo,
Wisconsin's very own ex-wife-beating, chronically drunk, high-volume
posting troll, William "Bill" Cmelak, a/k/a . A
former truck driver now claiming disability for a variety of physical
and mental ailments, Cmelak lives a lonely life in the woods in a
mobile home where he trolls 24/7, fondles his gun collection, and just
in general has become the town idiot of the little hamlets of Pearson
and Antigo, WI.


Described by a police detective as a "sick ****" because of his online
threats to murder and rape a newsgroup participant, Cmelak now spends
his days posting complete and total nonsense about the numerous people
that he disagrees with. REMEMBER, IF CMELAK OR HIS PARTNER IN CRIME
KAREN ANDERSON AND HER 150 TROLLING IDENTITIES POSTS IT, IT'S ALMOST
CERTAINLY A COMPLETE FORGERY.