Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Broadcom (BRCM) -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (3888)	5/13/2000 8:36:00 PM
From: Keith A Walker	Read Replies (1) \| Respond to of 6531

OT: Probably have beaten this horse, but, just for the record: What I took away from reading the book is that the FRB, the FOMC, the Chairman and the Board of Governors have only one purpose. That is to save bankers from suffering the normal consequences of the stupid mistakes they make on a cyclic basis, on average every three years. I have never been dissappointed by a lack of understanding of what the Fed is up to if I follow this simple precept. To be blunt, the FRB is designed to use the full faith and credit of [guess who?] to take care of the really dumb things that guys in banking do. Raymond, I couldn't agree more. I would add that the Fed is the "Patron Saint" of the bond market. When those fellas are in trouble, the Fed is their ever-present saviour. Waiting in great anticipation of 5/16 - I have a couple of bets going: 1 pint Unilever Premium aka: Ben & Jerry's (any flavour) - I've taken the 1/4 point with a tightening bias decision. Regards, Keith