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To: Real Man who wrote (123299)9/18/2001 5:45:00 PM
From: pater tenebrarum  Read Replies (3) | Respond to of 436258
 
indeed. first they accommodated and aided and abetted the biggest bubble in human history, and now all sorts of interventionist tactics must be employed to fight its demise.
btw., i believe that Greenboink erroneously thought that the '87 BK and the S&L crisis of '90 marked the beginning of the K-winter, and that those two events moved him to put in action his plan to "flood the system with liquidity to try and avert the K-winter" as he promised to do in conversation with Dr. Richebacher in the 70's.
due to his faulty timing, he created the big bubble instead...and thought he had the K-winter licked, another error. now that the winter is actually here, he finds out that it is a bigger force than his printing press.