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- From: carl@SOL1.GPS.CALTECH.EDU (Carl J Lydick)
- Subject: Re: Is car pooling for real? (was Re: Are bikes really less polluting?)
- Message-ID: <1992Jul27.020800.8476@cco.caltech.edu>
- Sender: news@cco.caltech.edu
- Nntp-Posting-Host: sol1.gps.caltech.edu
- Reply-To: carl@SOL1.GPS.CALTECH.EDU
- Organization: HST Wide Field/Planetary Camera
- References: <mcam3#+@dixie.com> <23911@castle.ed.ac.uk> <28508@goofy.Apple.COM>,<1992Jul25.190947.5700@murdoch.acc.Virginia.EDU>
- Date: Mon, 27 Jul 1992 02:08:00 GMT
- Lines: 32
-
- In article <1992Jul25.190947.5700@murdoch.acc.Virginia.EDU>, crb7q@kelvin.seas.Virginia.EDU (Cameron Randale Bass) writes:
- > As far as the S&L bailout is concerned, it is the result of pure
- > socialist hypocracy. It is the idea that somewhere in this world
- > there is a completely 'safe' investment to be had without paying
- > a price for the safety. If one wants a 'safe' investment, one
- > should have to pay a premium for the safety. In other words,
- > no bank should be able to pay higher rates on accounts than the
- > appropriate US government instrument (i.e. the Fed discount rate
- > for non-fixed accounts) does without the account-holder suffering some
- > risk. At one point my brother got a 25% bond for a 24 month period
- > completely insured by the US government. This is economic
- > insanity.
-
- > I'd like to see insurance reduced or eliminated entirely. However,
- > I think that you'd hear an outcry to protect the 'little people'
- > from the efficiency of the free market.
-
- > Another thing, the free-market people certainly did not come up with
- > insuring accounts in federally-insured institutions with the 'full
- > faith of the US treasury'.
-
- True, but it was, unfortunately, in the name of the free market that an idiot
- decided to relax the regulatory constraints without tying insurability to the
- business practices of the S&Ls.
- --------------------------------------------------------------------------------
- Carl J Lydick | INTERnet: CARL@SOL1.GPS.CALTECH.EDU | NSI/HEPnet: SOL1::CARL
-
- Disclaimer: Hey, I understand VAXen and VMS. That's what I get paid for. My
- understanding of astronomy is purely at the amateur level (or below). So
- unless what I'm saying is directly related to VAX/VMS, don't hold me or my
- organization responsible for it. If it IS related to VAX/VMS, you can try to
- hold me responsible for it, but my organization had nothing to do with it.
-