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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Eashoa' M'sheekha who wrote (35934)	6/26/1999 2:43:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 116779

Go back to yer sand box son. Gee "Dad"..... And here all along I was thinking that it was the "PRIVATE" financial institution's failure to properly assess their exposure and risk to hedge fund client's activities that caused a majority of the problem. Silly me.... I was under the belief, mistaken of course, that the Fed was acting as a mediator/facilitator when the consortium of banks was gathered to bail out LTCM (with the added incentive of lowering the Fed Funds/Discount rate to make the deal attractive). Now I find it was "MY" govt (which implies that I have more control over its policies than others do) which was responsible. I guess we should have just let it fail, permitted the credit crunch take hold and thrown the world into depression instead. Gee Daddy.... are you planning on becoming a Fed Governor?? I think you'd be great!!! (for the short-sellers, that is... :0) Regards, Ron