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Politics : Ask Michael Burke
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To: Skeeter Bug who wrote (28161)5/14/1998 11:41:00 PM
From: Knighty Tin  Read Replies (2) of 132070
 
Skeets, The original reason to lower rates was to save the banking system from disaster. That system may still be closer to disaster than Alan and the overpriced banks stocks would like us to believe. I can't think of any other reason for a man who criticized the Central Bankers for doing this sort of thing in the 1920s to do it on his own watch. Of course, there is always the possibility that Alan is basking in his celebrity and he realizes that 100% of it is connected to preventing the financial bubble from popping.

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