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To: d:oug who wrote (44494)	11/3/1999 7:48:00 AM
From: long-gone	Respond to of 116762

Is every CB on earth in bed with the other banks of the country? Mboweni calls for Reserve Bank probe into Bankorp lifeboat Johannesburg - Reserve Bank governor Tito Mboweni said on Tuesday he would ask the bank's board next week to approve a Reserve Bank review of the internal processes and procedures followed when loans were extended to Bankorp in 1990. Mboweni was quoted as saying in a statement that this was necessary because the Heath Special Investigating Unit had "alleged the financial assistance package was not authorised by the Reserve Bank Act, and that the guidelines for financial assistance by the Reserve Bank to banks are inadequate". "Since the investigation...has cast doubt on the Bank's actions, it is imperative in the interests of good management that we obtain an independent assessment of what happened," Mboweni said. He also said he would ask the Bank's board for permission to constitute a panel of South African and international experts to study the role of the central bank as lender of last resort. But, Mboweni also said he was that the anti-corruption watchdog had decided not to take legal action against Absa bank over the financial lifeboat. "We are pleased that the investigation has been concluded and that, as far as the Special Investigating Unit is concerned, the matter has been put to rest," Mboweni said. He added that contrary to media speculation, the Reserve Bank put no pressure on Judge Willem Heath, the unit's boss, to decide against litigation against Absa, the country's leading lender. The unit said on Monday it would not take legal action against Absa but made clear it believed taxpayers' money had been wrongly used and it was holding fire in the wider interests of the country. It signalled it had let Absa, and its controlling shareholder Sanlam, off the hook because it could have sparked a run on the bank with disastrous repercussions for an economy gradually recovering from the effects of last year's crisis in emerging markets. The Reserve Bank granted Bankorp - then South Africa's fourth largest lender which was later bought by Absa - loans totalling R1.5bn ($244m) over a number of years, starting in 1985 and ending in 1991 (cont) news.24.com

To: d:oug who wrote (44494)	11/19/1999 12:11:00 AM
From: d:oug	Read Replies (1) \| Respond to of 116762

On TV Larry King thursday - Dick Morris converts to digital politics. cnn.com I have not yet visited this site and do not expect the price of gold to yet be one of the issues to vote on. Bill Murphy could contact this site thru his GATA function and suggest areas that the voting public should be aware of. First before Bill Murphy does any official GATA contact, I invite all on this thread to recommend to this web site their views on the price of gold issue. ZDNet > Tech News > Law & Politics > Ex-Clinton advisor stumps for Vote.com Ex-Clinton advisor stumps for vote.com Dick Morris converts to digital politics. Claims his new e-ballot site is a 'major shift' in the democratic process. By Lisa M. Bowman, ZDNet News, November 1, 1999 3:12 PM PT Former Clinton campaign strategist Dick Morris wants to put you in closer contact with your representatives than ever before -- provided your congressmen and senators have time to wade through thousands of e-mails. On Sunday, Morris and his wife Eileen McGann launched a new site, vote.com that holds electronic ballots on such hot-button issues as gun control, air safety and gay rights. Once voters have cast their ballots and entered their ZIP codes, the site automatically sends e-mails to their senators and representatives. The site also features "Fifth Estate," a regular column written by Morris, who resigned as President Clinton's advisor over allegations that he discussed White House affairs with a prostitute. Morris' debut column is on First Lady Hilary Clinton's "flip-flop" run for the New York Senate seat. Morris also plans to sell his new book, "Vote.com" -- a look at how the Internet is changing politics -- on the site. Morris said he paid $250,000 for the Vote.com domain. "We really see this fundamentally as a major shift in the whole democratic process," Morris said in an interview. "The idea is to force a referendum form of government through the Internet." At the end of each poll, lawmakers receive a tally of their constituents' votes on that particular issue. In addition, before an election, constituents who've used Vote.com will get an e-mail detailing how their lawmakers voted on a wide variety of issues. And if merely casting a "yes" or "no" vote isn't enough, the site also has a chat room where people can discuss the issues with each other. Morris expects to hold votes on more than 40 issues at one time. Morris expects the net result of this to be more than 4,000 daily e-mails for each representative and exponentially more for the senators. "If the congressmen ignore you, it will be at their peril," Morris said. "This elevates level of dialogue between congressmen and their constituents." Morris denies that he's creating spam, saying voters deserve contact with the people they've elected. "Anyone who thinks that e-mail from the people who sent him to Washington is spam is pork," Morris said. Right now, the site makes its money from banner ads, but in the future, said Morris, he also might do research for clients and data mining. But he won't sell the information on people's voting habits, he said -- data that many a campaign strategist would be eager to receive. Instead, he said he may forward information from groups such as gun-control advocates onto people who've submitted votes on the issue to his site. Copyright (c) 1999 ZDNet. All rights reserved. Reproduction in whole or in part in any form or medium without express written permission of ZDNet is prohibited. ZDNet and the ZDNet logo are trademarks of Ziff-Davis Inc. I recommend to all those that wish to see the price of gold reflect its true value as a store of value for nations to contact Bill Murphy at the following locations and pressure him to contact this vote.com place so that the public can vote on how they feel towards gold. Bill Murphy Chairman, Gold Anti Trust Action (GATA) gata.org Le Patron, Le Metropole Cafe lemetropolecafe.com