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To: PaulM who wrote (38331)	8/4/1999 12:27:00 PM
From: Bobby Yellin	Read Replies (2) \| Respond to of 116779

thanks so much Paul..sometimes don't you feel like a stranger in a very strange land.. I will private message this to a friend of mine who is also upset.. I rarely listen any more to cnbc.. it was one huge propaganda machine ..or rather I guess they care more much more about their ratings than presenting a challenging show where tough questions should be posed.. ps I think our government is for the people basically but they treat the people like little dumbbells..maybe the people deserve it for not asking questions

To: PaulM who wrote (38331)	8/5/1999 8:26:00 AM
From: Rarebird	Respond to of 116779

WASHINGTON, Aug 4 — The United States appears to be backing off from a controversial plan to allow the International Monetary Fund to sell its gold reserves on the open market, lawmakers and other sources said on Wednesday. Alabama Rep. Spencer Bachus, who attended a meeting on Wednesday with U.S. Treasury Secretary Lawrence Summers, told Reuters the issue of IMF gold sales, which hit a wall of opposition in Congress and elsewhere, was no longer being considered as a viable option by the administration. Jim Leach, chairman of the powerful House Banking Committee said the meeting produced "mutual understandings'' that the gold sales issue would be removed as an obstacle to debt relief for poor countries. Leach, a Republican from Iowa, said a number of proposals were put forward at the meeting, among them the revaluation of IMF gold. That would allow the IMF to avoid open market sales of gold because it could price the gold on its balance sheet at a more realistic price, thereby giving it more assets with which to furnish debt relief. foxmarketwire.com