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To: Ilaine who wrote (101502)	5/11/2001 11:15:00 AM
From: Mike M2	Read Replies (2) \| Respond to of 436258

CB, AG's concern about moral hazard at this late stage is like warning people about STDs after a drunken orgy. -g- Mike

To: Ilaine who wrote (101502)	5/11/2001 11:32:10 AM
From: Dr. Jeff	Read Replies (3) \| Respond to of 436258

Several things frighten me about that lunatic. For starters, how about the fact that he uttered "SAFETY NET" exactly 29 times in that speech. Or how about this: <<<To be sure, the safety net as we know it is a product of the Great Depression, and that economic disaster was the result of a combination of events unlikely to recur. >>> Unlikely to recur??????? Is he kidding? Please! 1929 was a dress rehersal for what's coming around this time. The man is truly clueless and VERY VERY dangerous. That's why he scares me!

To: Ilaine who wrote (101502)	5/11/2001 12:48:33 PM
From: Haim R. Branisteanu	Respond to of 436258

CB, simply put AG realizes that the FED under his leadership did substantial damage to the world economies by letting the bubble exist in the first place. He also realizes that giving in to politician is not sound monetary policy. He failed to address the problems of teh BUBBLE and the high degree of speculation in financial markets which is the FED responsibility. Now he tries to back himself out of the mess not to be blamed for his misdeeds as a CB. If he had only raised professional margin requirements from 5% to 15% (similar to finance companies) after the LTCM fiasco the world economies would had been in much better shape today. BWDIK Haim