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To: kvkkc1 who wrote (54131)7/24/2001 2:53:34 PM
From: Ed Forrest  Read Replies (1) | Respond to of 77400
 
I wonder why the Senators won't just call him a liar about the time he denied targeting the stock market.

K

I think they are showing in my opinion admirable restraint in order not to further roil an already, at best tenuous market.

Ed



To: kvkkc1 who wrote (54131)7/24/2001 3:11:59 PM
From: M. Charles Swope  Read Replies (1) | Respond to of 77400
 
"screwed up monetary policy leading to a major portion of the credit crunch that killed the market."

I have some trouble with the notion that a credit crunch killed the market. Don't you think that sky-high valuations may have played a part? That maybe stock prices got out of whack with underlying value? In other words, that a major correction was inevitable.

Charlie


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