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To: Sonny McWilliams who wrote (26073)	5/23/2000 4:11:00 PM
From: Frank Ellis Morris	Read Replies (2) \| Respond to of 27012

Greenspan has betrayed the President's Trust and should be forcibly removed from office!! Sonny, I just wrote this post on another thread and thought I would share it here. It is the rising interest rates alone that is causing the panic we are seeing and nothing else IMHO. Greenspan got his way and now he is allowing the markets to fall apart.We don't need this kind of wreckless leadership. He does not know what the hell he is doing or does not care. It was a grave error on behalf of the President to reappoint Mr. Greenspan. This was clearly not the same man who originally was appointed under the Regan administration. I made my position clear the day Greenspan was reappointed and now I think most everyone agree that a serious mistake was made. The president needs to ask him to step down so the markets can recover. Mr. Clinton would have never in an election year installed a Fed leader who would aggressively hike interest rates in the face of a collapsing stock market. Give us all a break Mr. Greenspan and stop acting like a G-DAMN traitor. You are way out of control and show no shame. Frank

To: Sonny McWilliams who wrote (26073)	5/23/2000 5:07:00 PM
From: William Hunt	Read Replies (1) \| Respond to of 27012

Sonny ---my understanding is that the government "implies that loans by Fannie Mae and Freddie Mac are guaranteed " . This allows the above institutions to borrow money on the open market cheaper than Banks and other lending institutions . The real issue hear is that the banks are crying foul especially since their business is drying up . What really bothers me if this "implied " issue is taken away what will keep housing loans down for the average individual ? Home interest rates are normally 1% above the 10 year note . If I am not mistaken they are now two and a half percent above the ten year note at most banks . As for the FED I agree "they are furnishing the club but the houses are swinging it ". The out right lying going in the market is going to destroy any trust which in turns beget fear which is where we are at present . Will continue to hold on to my stocks ---wish I had waited a little before buying in --- and let them grow into the price to recoup . For the long term both of us know where the market is heading . I guess we have to wait until ABBY say it safe to get back into techs to turn this market around BEST WISHES BILL PS-- Several analysts on CNBC saying now that the market is heading toward 2500--- 2700 which would be a resonable value for the Nasdaq .