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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: XBrit who wrote (73048)2/28/2001 2:12:33 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
i would agree with that. as someone mentioned on LW, had he admitted publicly that the stock market was in a bubble, he would have been widely expected to do something about it. likewise, his refusal to regulate derivatives may stem from a desire to not see derivatives 'institutionalized'. he probably thinks it best if the market takes care of them by producing a financial accident.
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