Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Bobby Yellin who wrote (4769)	3/24/1999 2:07:00 PM
From: The Vet	Read Replies (2) of 81003

<< I thought Greenspan implied in his testimony everything was alright >> I agree; I also thought Greenspan also said it was OK - It was just a "zero sum" game.. I figure he means that it was zero sum to the FRB and LTCM. They would have lost but they got bailed out of billions of potential losses by FBR money which cost Greenspan "zero" to print.... It reminds me of the joke of the two guys discussing the bill in a restaurant.. After several minutes of "I'll pay" no "I insist I will pay" with the waiter hovering in the background, the fed up waiter said "Look, I don't care who pays as long as somebody pays". At that the two diners got up and left with the parting words to the waiter "Well OK you can pay!" In fact who did pay for LCTM really? And what happen to the guys on the other side of their "bets"? Did they get paid?

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