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To: AC Flyer who wrote (117499)	8/18/2001 8:46:00 PM
From: marginmike	Read Replies (1) \| Respond to of 436258

delete.

To: AC Flyer who wrote (117499)	8/18/2001 8:49:26 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 436258

u da clown man u da clown go back to that "in tell lect u all" thread you talked about... trust me, nothing you say will be questioned, and you'll get all the insights copying can buy.

To: AC Flyer who wrote (117499)	8/18/2001 10:21:22 PM
From: sun-tzu	Respond to of 436258

Greenspan lost his cool when he bailed out LTCM and his banking buddies. His car has been skidding on the ice ever since that point and every reaction is just another overcompensation for the last gaffe. He should have let the financial crisis run its' course in 1998. Now it's ten times worse. If you stopped genuflecting you may be able to make some money. (~)^(~)

To: AC Flyer who wrote (117499)	8/19/2001 11:17:36 AM
From: mishedlo	Read Replies (2) \| Respond to of 436258

AC - to ignore the damage AG has done to this economy to the point of thinking he has even done a good job, one simply has to have his head burried in the sand. 1) Raising liquidity when the market was already over-extended was simply nuts. 2) Y2K fears in the firts place were nuts. 3) He is now pushing on a string but earlier in his career he was critical of the FED for doing that in the depression era. 4) He is trying to get the consumer to buy buy buy when the consumer is deep in debt. 5) He thinks housing boom can go on forever. 6) He ignores what happened to Japan by lowering lowering lowering rates even though it has not done any good for years. 7) He does not seem to understand the problem is oversupply and lowering rates will only postpone the problem as well as make it worse. Marginal businesses neeed to go under so there is not so much supply of fiber, PCs, chips etc. 8) He does not understand that micro-managing interest rates can never work cause things always overshoot 9) He is critical of banks not lending while at the same time cautions them about bad loans. Bad loans, hell, we have not EVEN STARTED seeing the effects of some of these loans yet. 10) In short he is fueling a credit crunch problem of humongous proportions Other than that, I agree with you 100%. Greenspan has done a surperb job. Get with the program my friend, Greenspan and the FED could and should be replaced with a computer program to accomplish a far better job. Hell throwing darts at random might have done better than Greenspan has done. What pray tell has Greenspan done right? M