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Politics : Ask Michael Burke

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To: Terry Maloney who wrote (78880)	4/2/2000 12:16:00 PM
From: Freedom Fighter	Read Replies (1) of 132070

Terry, Let me see if I have this straight. Goldman advises the Fed to not pay attention to the money supply. Goldman makes a fortune on deals, commissions, underwriting, etc... Goldman comes public at over twice the long term average price for investment banks. Whenever Wall St. is in trouble the Fed responds with another round of monetary inflation and reflates the bubble. Gee the world suddenly makes a lot more sense. I guess I haven't been paranoid these last few years. (g) There's one part of story not yet told. When it does finally blow up, the taxpayer will be called upon to bail out the system. You know, the taxpayer that will be left holding the stock market bag (bubble) that the street helped encourage and promote. Wayne

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