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To: robnhood who wrote (95811)	4/18/2001 2:19:17 PM
From: sammaster	Read Replies (2) \| Respond to of 436258

rates now lower than after the fed cut rates 3 times during asia crisis which ignited the biggest equities bubble ever?

To: robnhood who wrote (95811)	4/18/2001 2:20:30 PM
From: Tom Smith	Respond to of 436258

bondtalk.com "we are now in a period when risks have increased, and so has the need for vigilance." But Santomero's speech did not address today's surprise rate cut. Santomero said "the additional powers granted by the Financial Modernization Act of 1999 have every participant in the financial services industry chasing the same customers, even as we have entered a period of slower economic growth. Such periods traditionally have increased the level of credit risk in the financial sector, and led to higher charge offs and lower recoveries. This combination of factors makes it even more urgent for banks to carefully manage credit risk."