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Will Stock Market Tanking Hurt BG Attendance?

Posted By: Perry Gartner
Date: Thursday, 2 October 2008, at 2:20 a.m.

In Response To: Will Stock Market Tanking Hurt BG Attendance? (Barry Silliman)

You have spoken to what you perceive as the root causes of our predicament but seem to throw up your hands as to our prospects of having any long term success as a nation. I am more optimistic than you are and believe we have a good shot at continuing to exemplify our ideals and maintain a high standard of living. If you are going to be in Vegas we could meet for dinner and thrash this about. I also will be in Baltimore.

Now back to the current crisis. Even though the mortgage securities, at prices the government will be paying, were to be deemed fantastic buys by the private sector, the banking and investment sector is in shambles. The "buy in" of 700 smakers is too big for any private sector group to handle. The ticking clock and "fear" are just impossible barriers to breach for even some what more modest investments by any, but the likes of Buffet. It seems you youself see a glimer of hope that congressional action can at least postpone Armageddon. I hope your pessimism doesn't deflect you from supporting prompt legislation as doing nothing can cripple us.

Perry

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