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Pastimes : Alan Greenspan MUST GO: -- Ignore unavailable to you. Want to Upgrade?

To: Master (Hijacked) who wrote (338)	4/3/2001 12:41:14 PM
From: BWAC	Read Replies (1) \| Respond to of 494

Master, It won't do any good. <Call your politicians NOW. Action is required immediately. The only way to turn this friggin mess around is by demanding that Greenspan be REMOVED FROM OFFICE.> Nor will another interest rate cut, nor will any amount of tax relief. The destruction of capital is the problem. Replacing Greenspan won't return that. Nor will any other measure that the government will take. The only thing that will turn it around is those running the markets taking a stand and buying rather than indescriminately dumping stocks. And even then too much damage has been done to the people's assets for the situation to materially improve.

To: Master (Hijacked) who wrote (338)	4/4/2001 9:34:54 AM
From: JPN	Respond to of 494

Greenspan certainly screwed the pooch on this one. He raised rates because of the fear of inflation not actual inflation. His failure to lower rates for political reasons prior to the election and perhaps for personal reasons (if he lowered rates so quickly after raising them last year it would almost be an admission he was wrong) caused much of this problem. I don't know why he thought he could be the only Fed Chairman in history to raise rates and not cause a recession or bull market. It may be that a new Fed Chair would help. But I can't see him being removed or resigning. Nevertheless, it cannot hurt to express your opinion to your senator or congressman or president. And he continues to screw the pooch by sitting here and watching this car wreck continue ... although it may have bottomed.