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To: Gottfried who wrote (78525)	11/10/2000 3:35:09 PM
From: SliderOnTheBlack	Respond to of 95453

Gottfreid; the Congressional reports have NOT been transparent to say the least... The lack of transparency & the real lack of virtually "ANY" real congressional oversight is the entire root of the issue. There has been a call for an actual audit of physical US Gold Bullion; but the ESF-Fed/Treasury will NOT answer congress , or allow such an audit... this is just one small issue. All in all; the ESF is a good thing; but ala Rubin & some situations that got out of hand; it becomes nearly an insider trading opp for those in the inner circle...Rubin got while the getting was good & what has Greenie been doing of late - pushing for Bank Failure reform & pounding the table on derivative dangers and what did we just have ? - the merger of the two largest banks with the greatest derivative exposure .... too big to fail ? - we shall see; they're virtually "calling" Greenspan on that issue...there is a fascinating tail wagging the dog situation unfolding.