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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Ken98 who wrote (51470)	12/27/2000 1:02:59 AM
From: Gut Trader	Read Replies (1) \| Respond to of 436258

Was thinkin maybe time for price controls for electricity. GT@Whip Inflation Now.com

To: Ken98 who wrote (51470)	12/27/2000 1:45:37 AM
From: patron_anejo_por_favor	Respond to of 436258

<<And when did the Clown-Central legislative mission get expanded to electric markets anyway?>> Perhaps Davis was "reminding" Greenspan and Summers of the crisis that will ensue if PG&E and SoCal Edison default on their bond payments...If the state of Cali has to bail 'em out, it could collapse the entire muni bond market, insured by that ever-undercapitalized company known as MBIA. That meeting is a LOT more worrisome than the media has picked up on, IMO.

To: Ken98 who wrote (51470)	12/27/2000 10:20:34 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

i believe the meeting concerned a Fed guarantee to the banks lending money to the California utilities. probably the banks threatened to cut off the lending unless some guarantee came forth. just speculation on my part of course, but what else could it possibly have been about? or the governor possibly realized that he has to go to the REAL government (the Fed) if he wants help.