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To: Tunica Albuginea who wrote (53410)	6/8/2000 3:18:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

TA and all: I am going to call it a day early. Heck I was not going to trade this week, but I managed a couple of points on the downside today...<g> Is there a weekend ramp in progress or not? <gg> Let's call this week Cybil... Regards, LG

To: Tunica Albuginea who wrote (53410)	6/8/2000 3:45:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

TA, but printing is what he does best, no? :) the man is a born money lender...lend, lend, lend, print,print,print. i'm sure he will come upon a reason to crank those presses up again...if not, i'd be very surprised. not necessarily for worthy social causes, unless you count rescuing speculators among them...:) regards, hb

To: Tunica Albuginea who wrote (53410)	6/8/2000 4:13:00 PM
From: Wayners	Read Replies (1) \| Respond to of 99985

Whatever Federal Reserve notes the banks took in preparation for Y2K they exchanged for Treasury's--Notes, Bills and Bonds that they already had as reserves. Once Y2K fears were past, banks then exchanged the Federal Reserve Notes right back for their Treasury's. Thats how it works. This had no long lasting effects on the money supply. I don't know if there was even enough demand for the banks to actually execute the maneuver or if only plans were drawn up for quick Treasury/Federal Reserve Note exchange in case there was a run on Federal Reserve Notes from hoarders. I know the Fed printed a lot of Federal Reserve Notes to meet such demand but in reality nobody ran on the banks and I would submit that no appreciable ammounts of those printed Federal Reserve Notes ever hit the streets.