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To: Giordano Bruno who wrote (63718)	9/23/1999 8:40:00 AM
From: Cynic 2005	Read Replies (2) of 86076

<<"Once you show up to intervene, there are lots of people on the other side just waiting to sell to you at these prices; then you have to back away," said Scott E. Pardee, who conducted currency-market interventions in the 1970s and 1980s as manager of foreign operations for the Federal Reserve's Open Market Committee. "It can be a rout." (When Treasury makes a decision to intervene, the Fed acts as the agent carrying out the orders.)>> My thoughts exactly! I am sure a lot of folks who want to jump the dollar ship are waiting for the much overdue 'intervention.'

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