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Non-Tech : Greenspan, Rubin & Co - the Most Irresponsible Team Ever?? -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (255)	2/17/2000 5:33:00 PM
From: Knighty Tin	Respond to of 309

Mohan, I totally agree with what he said, but probably not with the conclusion he'll come up with. Credit growth is the key to this bubble, not money growth, though the Ms are still important. However, since the Ms look like he is being outlandishly reckless, he will probably find some new measure that makes him look sober in some dim light. <g>

To: Cynic 2005 who wrote (255)	2/22/2000 3:15:00 PM
From: Thomas M.	Read Replies (1) \| Respond to of 309

From Edward Chancellor's Devil Take the Hindmost: <<< Keating hired the economist Alan Greenspan, later Chairman of the Federal Reserve, to support Lincoln's application to increase its "direct investments" to more than 10% of assets. (In a letter he must have come to regret deeply, Greenspan wrote to the California bank regulator that management of Lincoln and American Continental was "seasoned and expert ... [with] a long and continuous track record of outstanding success in making sound and profitable direct investments.") >>> <<< In another letter ... Greenspan claimed that Keating's management had turned Lincoln into "a financially strong institution" which would not pose any risk of loss to the federal insurer "for the forseeable future." Greenspan was paid $40,000 for writing the two letters and testifying on Keating's behalf. >>>