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To: Wayners who wrote (8518)	11/12/2000 11:57:09 PM
From: LPS5	Read Replies (1) \| Respond to of 12617

Hi Wayne, I don't quite get the point; Bob Woodward is hypothesizing that the post-1987 crash rally might have been coordinated? I wouldn't call what you pasted an excerpt as much as cut and pasted paragraphs from the book, posted on a news website. I think the following paragraphs are telling, and advise everyone to check out the link that Wayne posted. "...For all Greenspan knew, it might have been a handful of individuals who made the move. There was no telling whether the transactions were made out of knowledge or desperation, skillful calculation or serendipity. Was it possible that American capitalism was given a reprieve by the strategic – or accidental – investment of several million dollars? It was possible, of course. Or perhaps the bottom had been reached and the market had pulled out naturally. Whatever the answer, Greenspan's largest realization was that they hadn't known what to do. They could set up a crisis committee, confer, send messages to the financial markets, seek intelligence, talk tough or smart, look at the data until they were blue in the face and try to project, but they were all novices, given the problem they faced. That wonderful, nebulous space between the free markets of capitalism and regulations of government was the land of the unknown. It was Greenspan's first major lesson at the Fed, and he had been chairman only 72 days. Excerpted from "Maestro: Greenspan's Fed and the American Boom," ©2000 by Bob Woodward, Simon & Schuster. Researcher Jeff Himmelman contributed to this report."