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To: Frank Ellis Morris who wrote (42563)	3/29/2001 7:48:04 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 64865

Whine, whine, whine. It seems like every 4th post on SI is a rant, blaming the Fed for the decline in their portfolio. Mass whining. 3000 years ago, when there was plague or war or the crops failed, the peasants blamed the capricious Gods. Now, when BadThingsHappen, we blame the Fed. Sometimes, for variety, we blame the IMF or the World Bank. Mass whining. This is what the Fed's job is like: Greenspan is driving a car on a narrow, twisting mountain road. But, when he turns the steering wheel, the wheels don't respond, until the car is another mile down the road. But he can't see clearly that far ahead. It's hard, with his "delayed-response steering wheel", to stay on the road, avoiding the rock wall of recession on one side, and the dropoff of inflation on the other side. But, if he doesn't do it perfectly, everyone whines. It's so hard to look in the mirror and say, "I'm poorer now, because I bought the wrong stocks at the wrong prices. I have no one but myself to blame." It's so much easier to whine.

To: Frank Ellis Morris who wrote (42563)	3/30/2001 6:17:47 AM
From: JDN	Read Replies (1) \| Respond to of 64865

Thanks Frank, I just get so irritated when I think that AG SPECIFICALLY made it his job to bring the market down. That is NOT his job, that is not the Feds job, that is not the Govt's job, that is OUR JOB. We the people should decide IN A FREE MARKET under CAPITALISM what the market should be. Yet, this pompous ass who has the DUMMIES in Washington (and believe me they are dumb, I have known some of them personally, in fact I once FIRED one of them who went on to become a congressman) thinking he is a GOD decided on his own to set the conditions up the bring the market down to what HE THOUGHT it ought to be. Well, now its out of control and they dont know what to do except point fingers at one another. I am disgusted, this isnt whining this is telling it like it is. JDN