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Pastimes : CNBC -- critique.
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To: Crystal ball who wrote (8108)6/28/2001 10:41:19 PM
From: sandintoes  Read Replies (1) of 17683
 
That is also why Greenspan has been slow to lower rates despite the 2nd Greenspan induced recession, because the FED needs to "Raise" capital to replace the loss capital loaned to failed IMF and WORLD BANK bail outs, of course SUPPLY/DEMAND/PRICE applies here, the higher the price of moeny the less takers, the longer therefore is needd to recaputure this loss Federal Reserve cash inventory, and that is why we are still n this malaise.

Loaning of OUR money to foreign governments was the biggest mistake of this past decade. No one was held accountable, and IMHO, someone should go to prison. It wasn't up to the American tax payers to bail out corrupt governments.
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