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Strategies & Market Trends : Ride the Tiger with CD
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To: Rocket Red who wrote (108718)3/17/2008 12:17:33 PM
From: maxncompany  Read Replies (1) of 313001
 
"""However, Greenspan said that he hoped the fallout would not take away the finance industry's ability to regulate itself. Market flexibility and free competition are the most reliable safeguards against economic trouble, he said; the system which is supposed to guard against unanticipated losses will need to be overhauled."""

He insisted that there be no regulation and cut rates to 1% for more than a year. We see the result Alan.
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