Subject: Epilogue to M
The collapse of the stock market here
Publicly traded companies with their
diverse shareholder ownership allow m
President Bush should do the smart thing and immediately suspend trading of public corporations, thereby protectING the innocent and naive who are simply throwing good money after bad. Those well run public companies should have no fear for they will be at a competitive advantage relative to the capital that has been so smartly socked away.
The scars of 1907 remain on the masonry buildings housing the stock exchange of Wall Street. The fundamentals of the economy at that time were much worse than in 1929. One man J.P. Morgan saved the day, not so lucky for the victims of 1929. History has a way of repeating itself but today the "risk markets" are more fragile than at any time in history.
"Risk assessment" is my business.
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