The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: bart13 who wrote (70627)	9/29/2006 10:05:52 AM
From: Tommaso	Read Replies (2) of 110194

The whole notion of the PPT is completely unproven, and as far as I can tell, activities to directly influence the stock market by buying securities would be completely illegal. The Fed does, however, have a powerful tool that it never used once during the period 1995-2001 (or to the present, either) than that is raising margin requirements for borrowing on stocks. Greenspan jawboned (for about 24 hours) about irrational exuberance but never did a thing to hold it down by raising margin requirements.

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