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Pastimes : Book Nook -- Ignore unavailable to you. Want to Upgrade?

To: Thomas M. who wrote (245)	5/5/2001 8:18:20 PM
From: Knighty Tin	Respond to of 443

Thomas, I wish I had made as much as LTCM lost. <g> But to me, it makes so much sense to bet a little to make a lot and so little sense to go the other way around. The problem with my concept is that you lose more bets than you win, while those who risk a lot to make a little win more often than they lose. But it is the amounts of the losses vs. the amounts of the winnings that makes all of the difference. Greenspan's biggest mistake, IMHO, was not in bailing out the financial system. He had to do that. The problem was in not making the sinners pay a little bit. Instead of all the LTCM partners and the dum-dum banks taking significant but not fatal hits, AG allowed them to actually make money out of the collapse. Oh, yeah, that sets a good behavioral pattern for the future. BTW, if I'm right and they're wrong, how come they could borrow billions and nobody will loan me a dollar for a soda pop when I don't have any change? <g> Best, MB

To: Thomas M. who wrote (245)	5/6/2001 12:32:40 PM
From: Ilaine	Read Replies (2) \| Respond to of 443

I've started ordering books from used book dealers who use amazon.com as a storefront. Just started, so none of the books have shown up yet, but they get rated, like eBay dealers, so I am optimistic. So far I've ordered Friedman & Schwartz's Monetary History of the United States hardback for about $20 - the dealer claims it's like new; Hitler's Banker, a biography of Hjalmar Schacht; that Benjamin Anderson book you were recommending; and a biography of Benjamin Strong. The public library has the Chernow book on the House of Morgan, I am about to go there and check it out. I am really intrigued by things I've been reading that say that Owen Young, after whom the Young Plan was named, was tied to the House of Morgan, and so was Hjalmar Schacht. That makes me more suspicious than ever about the Bank for International Settlements, which was set up to facilitate the Young Plan. I know Hjalmar Schacht resigned the Chairmanship of the Reichsbank over something to do with the Young Plan, but have never seen the details. I've read in some places that Schacht was opposed to the Young Plan, in others that he helped negotiate it. I have to say that this is taking me uncomfortably close to some nutty conspiracy theorists - at least, I assume they are nutty. If there really was a sinister connection between Wall Street and the Nazis, that seems like the type of thing that should be common knowledge. reformed-theology.org. The Apex of Control

To: Thomas M. who wrote (245)	5/6/2001 1:00:44 PM
From: Ilaine	Read Replies (1) \| Respond to of 443

Was just intrigued to learn that apparently Carroll Quigley, who used to teach history at Georgetown, wrote something about the connection between Wall Street and the Nazis in "Tragedy and Hope." Wonder if they have it at my local Borders? Quigley was said to be Bill Clinton's mentor. Dubya is clearly a member of the Establishment Quigley was writing about. Curiouser and curiouser. This is going to be one of those Hall of Mirror things, I think. Who is telling the truth? Clinton is a well known liar, so anyone connected with him is automatically suspect.