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From: mms1646@acf4.UUCP (Michael M. Sykora)
Newsgroups: net.politics
Subject: Re: State Tax Dedudction
Message-ID: <1340191@acf4.UUCP>
Date: Thu, 13-Jun-85 13:33:00 EDT
Article-I.D.: acf4.1340191
Posted: Thu Jun 13 13:33:00 1985
Date-Received: Sat, 15-Jun-85 09:06:22 EDT
References: <735@mtuxo.UUCP>
Organization: New York University
Lines: 19

>/* nyssa@abnji.UUCP / 12:44 pm  Jun 12, 1985 */

>Historical precedence, perhaps?  In the UK, the government is "priva-
>tising" many resources previously owned by the gov't.  (These being
>British Telecom, British Airways, British Leyland, etc.)  The government
>has consistantly sold the company for much less than its real value.

This typically happens because the government does not allow open
bidding on these companies.  Otherwise, the market would see to it that
they sold for what they are worth the vast majority of the time.

>Who can afford to put out alot of money to buy large numbers of shares
>in these companies (and therefore turn quite large profits)?  Guess!

Pension funds, perhaps?

>James C Armstrong, Jnr.   ihnp4!abnji!nyssa

						Mike Sykora