WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 157.11

-5.4%

Nov 13 3:59 PM EST

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To: Zeev Hed who wrote (17674)	12/27/2000 7:09:36 AM
From: Steve Lee	Read Replies (1) of 60323

Seems to me that the fed could cap the irrational exuberance and inflation without causing recession by making margin illegal. That would cut the money supply somewhat! It would need to be staged, for instance by starting with an allowable ratio of 45% and working it down to zero over a number of years. May not even have to go down as far as zero. Might even be people around who got killed on margin recently that would sympathise with what he was doing as he would be doing many people a favour. Brokerages wouldn't like it but tough luck to them.

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