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Technology Stocks : The *NEW* Frank Coluccio Technology Forum

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To: pltodms who wrote (24552)	12/18/2007 12:54:18 PM
From: Frank A. Coluccio	Read Replies (1) of 46821

Thanks, pltodms. I'll give it a listen. On a related matter, while reflecting further on the Sprott testimony before the senate hearing in Canada posted by Petere [#msg-24137222], I cam across the item below in today's NY Times: Fed Shrugged as Subprime Crisis Spread, by Edmund L. Andrews at: tinyurl.com A snippet: "Edward M. Gramlich, a Federal Reserve governor who died in September, warned nearly seven years ago that a fast-growing new breed of lenders was luring many people into risky mortgages they could not afford. But when Mr. Gramlich privately urged Fed examiners to investigate mortgage lenders affiliated with national banks, he was rebuffed by Alan Greenspan, the Fed chairman." While reading this piece I couldn't help but muse about the technician who literally fell asleep at the controls of AT&T's optical network management systems at 323 Thomas Street about 18 years ago, and consequently failed to respond to a d.c. power supply alarm due to an exhausted battery reserve during a local power mishap, which caused a major network outage in the eastern half of the country for all AT&T and related services entering and leaving NY through the NY-NJ corridor, if I recall correctly. This guy had Hell to pay for his transgression. I don't think I need go any further. ------

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