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

To: Rande Is who wrote (49236)	3/16/2001 9:25:45 AM
From: Kanetsu	Read Replies (1) \| Respond to of 57584

AS, this decline is due to short sellers and and George W Bush? I short all the time and voted for Bush, I feel so dirty, liquidating my shorts now, buying 10,000 qqq's and heading straight for confession!

To: Rande Is who wrote (49236)	3/16/2001 9:28:04 AM
From: Ilaine	Respond to of 57584

Rande, I've been researching the matter for quite some time. I am working on a history of the Great Depression, and am giving special attention to the actions of the Federal Reserve. There are a lot of valid criticisms which can be made about the Federal Reserve, but the ones you are making are just not accurate. The Federal Reserve is much more highly regulated than it was when it was created in 1913. The ever increasing regulation commenced in 1935. The source you linked quotes Congressman McFadden's criticisms - those were made in 1934. Have a nice day. P.S. If you want to read a good history of the federal reserve, I suggest you try Allan H. Meltzer, who is a professor of economics at Carnegie Mellon University and a fellow of the American Enterprise Institute. gsia.cmu.edu