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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Dan3 who wrote (115243)	6/9/2000 8:59:00 PM
From: TGPTNDR	Respond to of 1578563

Dan,OT AG Re: <reenspan has taken an enormous amount of heat for not tightening up sooner (as in several years ago).> The fed did tighten up several years ago. We got the Russian and Asian fiascos as a result, at least 40% attributable to fed action, IMO. Fed was given accolades for 'easing credit' after both of those crashes which, IMO, need not have happened(or should not have been so severe.). Look at the interest rate charts of the time & you'll see the fed actions in action. tgptndr