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: herringbone_100 who wrote (17677)	12/27/2000 9:18:04 AM
From: Zeev Hed	Read Replies (1) of 60323

It is still Congress the President that nominates the Chairman and Congress that ratifies these nominations. Twice a year now, the Chairman is supposed to come before Congress and explains his "machinations", and unlike in the past, now the FOMC minutes are published and they even make a statement at 2:15 when they end their meeting. It is much more open than it used to be. When the founding fathers decided that Congress has the power to mint..., they surely did not think that once a month a Congressman will man the printing machine, they probably thought of a mechanism that will be under congressional control, and the Fed (every so often....<g>) are. Zeev Zeev

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