MMV, Thread:
I've been agreeing with those, who like me, feel that the markets are being manipulated for political gain. I wonder if Clinton got Greenspan's FBI file among those other ones he "didn't look at"? I can't think of any other answer to the question: Why does AG keep this horribly dangerous bubble inflating? His past writings tell us that he knows the ultimate consequences.
But let me get to the point of my post. Despite my paranoia, I am impressed by the following, which I got from Strategic Investment. Perhaps someone should write Congressman Paul for clarification.
From Strategic Investment, (1217 St. Paul St, Baltimore, MD, 21202) Dec ;16, 1998, page 2.
Alan Greenspan recently wrote the following in response to a query by Congressman Ron Paul, (R-Texas) a member of the House Banking Committee:
"The Federal Reserve has never intervened in the U.S. equity market in any form, either in the equity market itself or in the futures market, for its own account, for the [Exchange Stabilization Fund], or for any other Treasury account. The Federal Reserve has never encouraged broker/dealers to purchase stocks or futures contracts. The Federal Reserve has never had any "understandings" with any firms about compensating them in any manner for possible losses on such purchases."
Great thread, by the way.
Jack |
