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Politics : Politics for Pros- moderated
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To: Nadine Carroll who wrote (57431)8/1/2004 3:40:11 PM
From: Ilaine  Read Replies (1) of 793673
 
The World Bank and the IMF are not the international monetary system, but they are symbolic of it. The Board of Governors for Federal Reserve building is in the same neighborhood. I hope, and expect, that they all have electronic backup offsite, so at most you'd lose the organizational staff and the paper records.

Blowing up the New York Federal Reserve bank building would be far worse. The real Federal Reserve Banks are tightly integrated into the real international monetary system, especially the NY Fed.

Edit: it's like blowing up the World Trade Center. If they really wanted to screw us and knew what they were doing, they'd have blown up the NYSE. Now, I expect that the NYSE has good decentralized backup. It would be inexcusable not to have done so after 9/11.
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