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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (10544)	2/21/2001 2:16:52 AM
From: Raymond Duray	Read Replies (1) \| Respond to of 13572

JRI, If you can drag up the URL for that Washington Post article on the Plunge Protection Team, I'd be much obliged. As far as the devastation goes, it is well worth noting that the NAZ was four standard deviations above its 200 DMA last March 20, and that at its recent lows it has been 4 SDs below its 200 DMA. The former is unprecedented in any major bourse in modern history. The later has only been match briefly by the Brazilian market. So, if it feels like we're toying around in a banana republic stock market, it sure ought to. This has to be one of the most ridiculous ways to fund new industry imaginable. Of course, all the inmates of the madhouse have forgotten that this is the ostensible purpose of a stock market, while they obsess over the casino aspects of the "game". I see scant hope that volatility ends or rationality returns any time soon. I do agree, a good elevator shaft day would be invigorating. I just doubt that the powers that be see it as a useful bit of theatrics at this juncture. Like you say, the devastation to the national psyche would just simply be too much to bear. Ciao!

To: JRI who wrote (10544)	2/22/2001 5:46:38 PM
From: long-gone	Respond to of 13572

Rubin is little more than worthless lying theiving manipulating banker scum: Accounting of Indians' billion$ sought Associated Press WASHINGTON - A federal judge should hold new contempt hearings against government officials in a case involving mismanagement of billions of dollars of American Indians' money, a court-appointed investigator recommended yesterday. The judge should decide whether current and former Interior Department officials improperly punished a worker who alleged improper handling of records involved in the case, investigator Alan Balaran recommended. If U.S. District Judge Royce Lamberth agrees to hold a contempt trial, it would be the second in the nearly five-year-old lawsuit, brought on behalf of more than 300,000 Indians with trust accounts managed by the Department of Interior. The accounts hold proceeds from oil drilling, timber cutting, grazing and other uses of the Indians' land. Lamberth held former Interior Secretary Bruce Babbitt and former Treasury Secretary Robert Rubin in contempt of court and fined them more than $600,000 in 1999 because of problems in turning over documents. The government admits that the accounts have been mismanaged for more than a century, with much of the money due the Indians lost, stolen or never collected. But federal lawyers appealed Lamberth's 1999 ruling that would force reforms to the system and require the government to account for how much money was lost. The Indians asked for the new contempt sanctions last year, claiming Interior officials retaliated against a Bureau of Indian Affairs employee who gave sworn testimony in the case. Government lawyers contend there was no retaliation. -------------------------------------------------------------------------------- A note to our readers: We recently upgraded our online publishing system. If you experience any problems with the Daily News Web site, please let us know. Include the date and time of the problem and a brief description. Send your comments to comments@staff.philly.com dailynews.philly.com.