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To: JF Quinnelly who wrote (161)4/1/2001 10:03:40 PM
From: Ilaine  Read Replies (1) | Respond to of 443
 
>>The Fed could have<<

What anyone, or anything, could have done has to be examined with cold, neutral vision.

Did the participants in any transaction have the benefit of our 20-20 hindsight? Did they operate under constraints that we are dismissing? If we say, "if they had only done x then y would have happened," can we prove it?


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