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

To: Earlie who wrote (73830)	1/16/2000 11:48:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

ealie, easy al is playing good cop / bad cop - and he doesn't even need two people to do it. he is providing the means for the monkeys to blow up the bubble while, at the same time, he says not to do it. when it all unravels, he will point back to his speeches - and not his actions - as though he "warned" against this excess. and the idiots will buy into it.

To: Earlie who wrote (73830)	1/17/2000 12:07:00 PM
From: Nadine Carroll	Read Replies (2) \| Respond to of 132070

Earlie, I watched Greenspan's latest speech on C-Span. I would definitely say that that man has all his marbles (though when trying to interpret his deliberately-worded vagaries I remembered how President Truman wished he could find a one-armed economist -g-) His non-answers were masterful. Sample question (I paraphrase): "Mr. Chairman, what do you say to critics who say that the Fed has injected moral hazard into the market with its bailout of LTCM?" AG: "The Fed must not ever say that anything is too big to fail, and if the Fed were ever perceived as providing moral hazard, that would be bad." One thing I do believe we know for certain. No one on Wall Street, in Washington, or in either political party wants this bubble to pop before the election. And AG will do his utmost to prevent it, whatever may come after. You may argue about his ability to prevent it, but I don't believe his intention is still in doubt.