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To: sandintoes who wrote (8111)	7/8/2001 12:43:21 AM
From: Crystal ball	Respond to of 17683

Greenspan's irrationally exuberant raising of interest rates is only rational if the Federal Reserve ran low on cash reserves, the 3% required bank reserves in their possession and control, since the higher the FOMC "FED" rates, the quicker the missing cash could be replaced by international banking "paper", such as Japanese banks and the like. Personally I feel Greenspan should go to Prison. I wrote: "Greenspan has been slow to lower rates despite the 2nd Greenspan induced recession, because the FED needs to "Raise" capital to replace the loss capital loaned to failed IMF and WORLD BANK bail outs, of course SUPPLY/DEMAND/PRICE applies here, the higher the price of money the less takers, the longer therefore is needed to recapture this loss Federal Reserve cash inventory, and that is why we are still n this malaise." you wrote: "Loaning of OUR money to foreign governments was the biggest mistake of this past decade. No one was held accountable, and IMHO, someone should go to prison. It wasn't up to the American tax payers to bail out corrupt governments." I am, Truly your$, -Crystal Ball