Ask Michael Burke Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jess Beltz who wrote (41321)	12/29/1998 12:23:00 PM
From: Cynic 2005	Read Replies (2) of 132070

I agree with you on the reason for LTCM bail-out and subsequent market manipulation by the Feds. However, as most of us have been saying for a long time here, Greenspan proved to be incompetent on two counts: a) in not seeing the problem coming, b) EVEN after such a debacle has occurred due to sheer leverage, he and his cohorts did nothing to prevent speculative frenzy that feeds on leverage. At the very minimum, he could have raised the margin requirements. After all, if the corporate debt market is what the Feds are REALLY concerned about, raising margin requirements for equity positions shouldn't effect the corporate debt market. I am beginning to suspect Greenspan's motives as well. What is he is being used for political advantage by Clinton?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next