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To: Jack T. Pearson who wrote (40214)1/6/2001 9:19:46 PM
From: Ibexx  Read Replies (5) | Respond to of 42787
 
According to this week's Barrons (Abelson's column) Greenspan & company lowered the interest rate by 50 basis point under political pressure from the Bush administration, not necessarily out of concern for a weakening economy.

Reportedly he was being visited by a group of three, led by Cheney, who conveyed a strong message from W: " cut or be cut" - or something like that.

Ibexx