On Jun 4, 2007, at 4:13 PM, R.C.Macaulay wrote:
Jed wrote..
As I said,
these places are cardboard front-operations whose only purpose is to
fleece the taxpayers and pass on fatcat contracts in big-rigging
schemes. There are also hundreds of semi-governmental organizations
staffed by ex-government officials
Howdy Jed,
Had you not specifically referred to Japanese I could read this as
US politicos and ex bureaucrats.
A look at what is taking place behind the scenes at TXU Dallas
Texas , an electric power firm, indicates all the steps are in
place to take it "private". A list of the principals reads like a
bureaucrat roster... ex sec of this and that dept of US govt.
Richard
If congress really gave a diddly darn about the little guy with all
his defined contribution retirement riding on his stock choices, or
is brokers' or fund managers' choices, then they would pass a
stockholders bill of rights. Included in such would be the option
to, without any response, sustain proportional ownership through all
the machinations through which public entities thrash when going
private or bankrupt.
The little guy sees the potential and invests accordingly, and hangs
on through the tough early going. When fruition is practically a
certainty, the few majority stockholders are free to sell out and cut
the little guy out of his expected rewards, and even to buy into the
private company. It ought to be criminal.
Regards,
Horace Heffner
