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>From: lepatron@xxxxxxxxxxxxxxxxxxx
>To: trdoptions@xxxxxxxxxxx
>Subject: David Tice - The Ugly Story of Bestbank
>Date: Fri, 9 Jul 1999 22:06:02 -0400
>
>Le Metropole members,
>
>David Tice has served commentary at the Hemingway
>Table entitled,"The Ugly Story of Bestbank".
>
>"Bestbank loss $28 million, yes?-no, $200 million"
>"the culprit - subprime credit card portfolio"
>"what a story! - a sign of what is to come?"
>"our regulatory system is desperately inadequate"
>"if a bank in Boulder, Colorado can lose $200 million....."
>
>A summer note from the Cafe's Patron:
>
>I just had the pleasure of having a bite to eat after work
>with David Tice and one of his associates, Doug Noland. There
>are no two brighter, and well read, guys around and it was a
>pleasure to chat with them.
>
>Let's face it. Times are difficult for our camp. They
>articulate the case for a bubble stock market. I, Midas du
>Metropole, articulate the reasons to stick with precious
>metals investments. Is there a worse combo around than
>that?
>
>Any sane person must ask why bother with what we have to
>say?
>
>Fortunately, there is a sane answer. For every action there
>is a reaction. The longer the gold market is held down by
>the "cartel" that is manipulating this precious metal, the
>bigger will be the move to the upside. The longer the stock
>market bubble continues, the bigger will be the collapse.
>
>Fortunes will be made by being long gold and silver and by
>being short the market. As always, timing is oh so difficult.
>But, those that do not understand the dynamics of what is
>going on at the moment in the US financial world are going
>to experience financial pain beyond anything they ever thought
>possible.
>
>The "pundits" will be on TV giving us jabberwocky about who is
>to blame. However, the irony is - THEY will be to blame for
>not being diligent when it really counted. It is so
>unfortunate the the media in this country has been reduced to
>serving pablem to all of us that just reinforces the
>natural greed forces that urge us on. There are
>no free lunches and market forces can wipe out the "best laid
>plans of mice and men", as well as the likes of Nobel Economic
>Prize winners a la Long Term Capital Management.
>
>If LTCM can lose it all, so can the average Joe. That is what
>David Tice and is commentary is all about.
>
>Yes, these are very tough times for our camp. But the day is
>coming soon that our camp will be King of the Hill and praise
>will be heaped upon us by the "Pablem Press". For many that did
>not listen to the likes of a David Tice, it will be too late.
>They will have lost a good deal of their investment capital and
>will recoil from the markets. Scared half to death, they will
>not want to risk the "sound" investment opportunities that lie
>ahead.
>
>Anyway, that is my little "ditty" for this wonderful summer
>night in Dallas. I hope all of you have a great weekend.
>
>Tomorrow - a story about GATA in the Financial Times and, best of
>all, GATA's allegations have made an impact with the regulatory
>authorities in London. I received a phone call today and they
>want to know what we know. Elaboration - demain.
>
><A HREF="http://www.lemetropolecafe.com/scripts/products.cfm";>Le Metropole
>Cafe</A>
>
>All the best,
>
>Bill Murphy
>Le Patron
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