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Politics : Ask Michael Burke
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To: Mike M2 who wrote (50899)3/9/1999 1:39:00 PM
From: Eggolas Moria  Read Replies (1) of 132070
 
Gary, what would you say if a leading banker called on the federal reserve for more monetary restraint

I would say he's acting like a banker in public, showing the proper respect for inflation.

' if the present orgy of unrestrained speculation were not brought promptly to a halt there were ultimately be a disastrous collapse.

I would say that he's definitely not being circumspect enough for a banker.<g>

. This would be unfortunate not only for speculators . it would bring about a general depression involving the entire country."

I would say that such intemperate remarks are definitely not the province of our wonderful central bankers on the FED.<g>

So, do I get to guess who said this? Hmmm . . . US1929 or Japan 1989 or 1999.
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