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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (61289)1/24/2001 3:43:11 PM
From: NOW  Read Replies (3) of 436258
 
Nope Heinz: you must be wrong:"The dollar also got a lift against the euro from comments by William McDonough, president of the Federal Reserve (news - web sites) Bank of New York. He told a European Parliament committee in Brussels the U.S. financial system is ``very well capitalized,'' easing concerns raised by weak U.S. economic data and the potential fallout for banks from California's electric power crisis"
McDonough himself sees no problem... lol
Maybe he meant to say, " The US financial system HAS capitilized very well on froreign stupidity in beleiving our reassurrances..."
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