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........from reading The Motley Fool and know your a member of its CAPS community. I also know as Intelligent as you might be as a scientist that you have taken a position by your comment "bozos in washington" that is so impossibly adverse to your investment that I feel compelled to point out the flaws. I expect that you have a sizable investment in WH because I seem to remember a post nearly a year ago in which you stated you were all in or nearly all in this stock. The reasons you stated were valid and are today as the valuations are good and the Chinese economy could be robust (with the stipulation that americas doesn't collapse}. I have to point out however, that the "let it fail" policies you seem to endorse is completely inverse to the policies that would aid the U.S. economy and in particular this stock. I can't even begin to stress how flawed it is but lets take the FDIC for an example. It is very stressed as it is but by allowing one more investment bank to fail and it without anybodys doubt would have been overwhelmed. Bank of America would have failed without ANY question as would have CITI. Now say your in charge and you give in to the idiot green tea yo-yos. By definition, you not only have to let the Banks Fail but you have to disolve the FDIC and let everybodys money on deposit disolve along with it.(no federal aid and for gods sake and no new "printed dollars" because we are concerned about deficits and inflation here.....right?) That creates panic and fear and all the private money evaporates from our capital markets and is exasparated by the unrelenting short selling by investors correctly reading the situation and trying (but to their own eventual demise) to profit from the pain and chaos. The deflationary drama would spread to the 60 trillion dollar derivitive trade (this is like a lot of aspects of the economy based on faith but the hard value (tangible assets) would evaporate as people lose all equity and money held at these institutions. Is this clear to you as it is me? I could go on but to put it simply. The U.S. economy as well as ANY economy collapses quickly and harshly without capital (either public or private) that is like blood to the human body. Thats what happened recently late in the Bush administration when LEH went down and a major money market fund "broke the buck", private money evaporated from everywhere. It was only (let me stress ONLY) government guarrantees, government capital injections through the TARP and bailouts that got us out of a dire situation. The second point is that FORD should have reorganized with the aid of the government because it cannot control the rank in file that would see their jobs evaporate than give a little and can't see that their indiviual greed threatens the survival of the host they are attached to. Finally the share value of WH goes up because of faith in the stock market and capital market recovery both here and China. Finally, if you don't feel any fear in defation (1000 times harder than inflation to correct because it takes a complete collapse and 25 yrs of complete and utter destitution to recover from the wholesale destruction .........even Paris Hilton could not recover from zero occupancies in the hotel chain and her dollars would be no better than yours or mine) of WH in the recent three months than maybe it will scare you if it goes under a dollar. I mean a guy that protests reinflation while holding a commodity stock is just dying to FAIL.
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Medyer, I know you........
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midav2752 | (1 Rating) | 1-Nov-09 06:11 am | ||
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Lets look again a Paris Hilton. Rich people have a...
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midav2752 | (1 Rating) | 1-Nov-09 06:33 am | ||
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Equally Idiotic is the charge of socialism by...
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midav2752 | (1 Rating) | 1-Nov-09 10:44 am | ||
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Mitt Rommneys comments this morning poin...
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midav2752 | (1 Rating) | 2-Nov-09 08:58 am |
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