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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (49229)	3/16/2001 8:28:12 AM
From: Harry_Behemoth	Respond to of 57584

federalreserve.gov

To: Rande Is who wrote (49229)	3/16/2001 8:38:05 AM
From: rocklobster	Read Replies (1) \| Respond to of 57584

Rande, alert 4DML possibility, I'm not sure about the parameters, but yesterday gapped open 50 points and closed at the low of the day. as we know, its possible that longs still have more squeezing. As of last week, the committment of traders report still showed commercial S&P traders holding record short positions, and retail S&P traders holding record long positions. Not a pretty thought when you consider that the S&P's and the DOW have just now broken out of their trading ranges to the downside. Sorry to keep harping on this 4DML thing, as you have mentioned that it is not of primary interest to you in one of your last posts to me when I mentioned agreeing with mouffassa last week about the 4DML which did indeed happen Anyway, some of our favorite traders got hammered yesterday NTAP down from an open over 23 to a close under 19 BEAS up over 38 down under 31 etc, etc, .. I sincerely hope this market doesnt sell of dramatically from here, but it is entirely possible, and I just want to do my part to help longs protect themselves. I lost 75% of my portfolio in Dec and Jan thinking I knew where a bottom to this market was. and each time, it happened in a matter of a few dayz being in large long positions in these 4DML squeezes.. I have felt tremendous pain, and am just trying to do my part to contribute to this community and hopefully help some others to protect their portfolio's I have also joined a trading room and learned to short. which has been the single most valuable lesson of the last few months. my portfolio is actually moving in the right direction again. thanks to all who contribute rok

To: Rande Is who wrote (49229)	3/16/2001 8:39:23 AM
From: Ilaine	Read Replies (1) \| Respond to of 57584

OK, Rande, how about the fact that employees of the Board of Governors receive health insurance benefits under the Federal Employees Health Benefit Plan. federalreserve.gov I don't have a lot of time to devote to this today, so I am not going to look for any more clues for you. I showed you the laws, and either you know how to read the US code or you don't. When I have time I'll find you something easier to read. There is no doubt that there is an overlap between the private sector and the public sector that is, as far as I know, unique in the government. There is no doubt that private interests are not necessarily public interests. But there is also no doubt that the Federal Reserve System is a creature of Congress. Congress does not create and regulate private enterprises, not in the sense of direct oversight. Congress does pass laws that regulate private enterprises, but the President doesn't appoint their directors nor does Congress approve them. If you can point out any private enterprise whose directors are appointed by the US President - let me know.

To: Rande Is who wrote (49229)	3/16/2001 9:16:59 AM
From: Ilaine	Respond to of 57584

I just took a look at your "source." I can't argue with people who think that the world is secretly being controlled by a cabal that may include one or more of the Bilderbergers, the Gnomes of Zurich, the Illuminati, the Rockefellers, the Trilateral Commission, or the Elders of Zion. w3.access.gpo.gov Have a nice day.

To: Rande Is who wrote (49229)	3/16/2001 10:21:53 AM
From: Tradelite	Read Replies (2) \| Respond to of 57584

Maybe this link will help shed some light on the relationship of the Federal Reserve to the private vs. public sector. findlaw.com My own personal thought is... the Fed Reserve has a legislative mandate to regulate banks, so by definition it's a federal agency. Meanwhile, taxpayers and not the banks are footing the bill for all those pencils,file folders and calculators at the Federal Reserve headquarters, so I guess we "own" it, right?

To: Rande Is who wrote (49229)	3/16/2001 11:13:00 AM
From: George Kirlin	Read Replies (1) \| Respond to of 57584

Rande, CobaltBlue is right on this one. The FED is what we know here in DC to be a "quasi-independent agency" of the US Gov't. These agencies, much like SallieMae, FreddieMAC, and others are established by Congress, and their "enabling statute", in this case, the Federal Reserve Act of 1913, lays out the broad responsibilities of the agency. It's employees are not on the GS schedule as other employees of the Government, but on their own internal Federal Reserve schedule that has levels much like the GS schedule. Title 12 Code of Federal Regulations Parts 200-299 are the US GOVERNMENT regulations that say how the Federal Reserve System and Banks, DO what they are allowed to do. Proposed regulations and Notices are published in the Federal Register, which is the Official Government publications for notice of all proposed and final regs of all government agencies. The bottom line is that the Fed. Reserve has as much power as the Congress wants to give it, under the statutes that it is responsible for, and also the Congress can "take awayith" if it wishes. George Kirlin Librarian Van Ness Feldman Washington, DC