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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (120653)	1/2/2001 1:08:01 PM
From: WTSherman	Read Replies (1) \| Respond to of 769670

Neo, all bashing aside...read the AG book. Very interesting insights into how economies and monetary systems really work. There is some great stuff about the crash of '87 and how Jim Baker wanted to suspend trading in the market. This could have led to a complete meltdown of the whole system as confidence evaporated. Thankfully, Reagan(who had no clue what was going on) took more advice from Howard Baker than he did from Jim B. and wouldn't sign the order suspending operations. Meanwhile, AG and the NY Fed Prez were jawboning brokerages to pay the funds they owed each other for transfers and purchases( this was threatening to breakdown and kill the market). Bottom line was confidence was almost shot and the markets and economy were tettereing in the balance. Now we've got some of the same crowd that went into a total panic back then, in charge once again. I don't expect anyone(except swiss and I) on this board to admit it, but, I've got to believe you understand what I'm talking about and are as worried about the Cheney/bush approach as I am.