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At 04:17 PM 2/1/2000 , you wrote:
>BE CAREFUL WHAT YOU WISH FOR!
>
>I am living proof that the government has a voracious appetite for
>exercising control over the maximum number of details of your life. And once
>they take up residence, you cannot rid yourself of them. They are parasites.
>They exist to prey on you. If they were subject to the same laws we are they
>could be indicted on RICO charges.
>
I couldn't agree more. Excellent note.
More Government interference is never the answer.
More government isn't helpful. It's expensive and intrusive.
People are going to screw up, especially the young one's and especially
with their money.
The government can't and won't save us even if we are headed for a crash.
They'll only make it different and worse like they do everything else they
meddle with. And the rest of us will live forever with the new intrusions
and their heavy-handedness.
Besides, it won't do any good to restrict margin, not at these levels (in
the 20s weren't we at 5 or 10%??). Those people are gambling - not trading,
and they will surely find a source of credit, regardless of whether it's
brokerage margin or whatever.
Finally, with the profits the brokers are making off of all this margin,
they can afford a few losses.
Ray
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