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To: Dan3 who wrote (55460)	9/15/2001 8:24:10 PM
From: Jim McMannis	Respond to of 275872

I expect that Greenspan will do whatever is necessary, RE:"including full percent plus rate cuts, to keep the markets from a meltdown. If rate cuts don't do it, Fannie Mae can be directed (and subsidized) to buy mortgages at 5.5 or 6%. Some of the liquidity resulting from refinancing etc. injected into the economy would certainly buoy up the markets. While it might take a few weeks for Fannie Mae actions to impact the economy, knowledge that it was going to happen would affect the markets instantly." I think that save a few industries like the airlines...this may well end up spurring the stock market longer term. The US does well when it has an enemy. JIm

To: Dan3 who wrote (55460)	9/15/2001 9:11:07 PM
From: tejek	Respond to of 275872

Re: Good luck to everyone on Monday morning. I expect that Greenspan will do whatever is necessary, including full percent plus rate cuts, to keep the markets from a meltdown. If rate cuts don't do it, Fannie Mae can be directed (and subsidized) to buy mortgages at 5.5 or 6%. Some of the liquidity resulting from refinancing etc. injected into the economy would certainly buoy up the markets. While it might take a few weeks for Fannie Mae actions to impact the economy, knowledge that it was going to happen would affect the markets instantly. Dan, also the SEC has waived the provisions that restrict corporate buybacks for the next week. I think that's what prompted IBM's and CSCO's buyback programs. Let's hope other corporations take part. ted