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Politics : Ask Michael Burke

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To: BGR who wrote (71997)	12/17/1999 8:50:00 AM
From: Freedom Fighter	Read Replies (2) of 132070

BGR, >>Of course, then the ones who sold the puts would have made the reverse argument (why not hurry it by 2 minutes?). The Fed is in a lose-lose situation it seems.<< The key to this whole discussion is who the two parties were and the timing of the cut. One was Wall St. and its bankers and one was the general public. Being "proactive" to protect Wall St. is the problem. The world would not have ended if he waited one day. That's the point you are missing. It's not who won and who lost. It's who had help winning and the timing of that help. Can you imagine him doing the same thing in reverse? Imagine Wall St sitting on piles of winnings and the public buried and he shockingly raises interest rates with a few minutes to go and screws THE ST. Yea right that will happen. These days he tells them weeks in advance when the rate increases are coming. Wayne

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