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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (72285)12/23/1999 3:13:00 PM
From: Mike M2  Respond to of 132070
 
Wayne, the moral hazard created by the too big to fail policy is that eventually the problem will become too big to bail. then we see severe TL & EV. ho ho ho Mike



To: Freedom Fighter who wrote (72285)12/23/1999 3:19:00 PM
From: BGR  Read Replies (2) | Respond to of 132070
 
Wayne,

1998, in fact, was a case of panic by razor sharp institutional investors afraid of losing their 7 figure bonuses. J6P was buying YHOO on dips, very wisely. Panics can happen w/ and w/o any prior excess. However, a dose of coramin is advised in either case.

That the economy has almost always prospered under this Fed is something that you ignore. So, let me ask you this: what IYO would be a better monetary system and why?

-BGR.


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