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Pastimes : Trading the markets.....

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To: GROUND ZERO™ who wrote (2243)12/22/2000 2:03:04 PM
From: Chip McVickar  Read Replies (2) of 4583
 
Just Posted to Me:

To: Chip McVickar who started this subject
From: michel ciambra Friday, Dec 22, 2000 1:52 PM ET
Reply # of 610

So Greenspan is meeting with California Governor to discuss the impending energy crisis in California as most of their utilities face bankruptcy. The Fed is concerned with economic policy and Monetary policy in Particular. Why would such ameeting occur unless it is to bail out the utilities a la LTCB?
Would it not be easier to cut rates and allow the market to finance them? Is this going to be the excuse as to why they do cut rates?
Am I crazy, deluded, mad or just a dreamer?
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