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To: craig crawford who wrote (132073)	10/2/2001 12:28:44 AM
From: Crystal ball	Read Replies (1) \| Respond to of 164684

GREENSPAN NEVER WAS GOD. I predicted this would happen as it was happening August 1999 already, the key was and is OIL as a CURRENCY, and the Federal Reserve rates, particularly the Discount and Prime are a part of it, but Greenspan was not a part of the expansion, Corporate America was, but Greenspan is a fault for this recession, because he killed off the IPO startups, deprived them of capital needed to execute their business plans, and last time I looked half a company, or a quarter or third of a company can not make ONE WHOLE PROFITABLE COMPANY. So they died, and they are not Lazarus, and Greenspan certainly is not Christ or God, he can not raise these companies from the dead, they are dead, and gone, and that is the domino effect that crash the markets and the whole economy. Why? Because the surviving companies are not vultures and buzzards like Greenspan, they do not live on carion. They needed the live, living, growing new companies for supply and to supply and thereby make and keep earnings. Without them, we all starved, not just for earnings, but for the lost dead and dying good, even great new ideas and innovations that now will never be. Surely some, BUT NOT ALL AND NOT MANY of the internets and dot coms and tech had no business models and would never be profitable. The majority of the startups were profitable, and would have remained profitable. The Investment Bankers and Underwriters you know are not a bunch of stupid people, they are not ANALysts and not Government Bureaucrats like Greenspan or other parasite on our free enterprise system. They found a lot of good ideas. Many of these good ideas are still among us, and will SURVIVE AND THRIVE on the economic recovery and market recovery. INVEST ACCORDINGLY. No, Greenspan is not God, Greenspan is at fault though, and Greenspan was and is pretty damn stupid, as are his FAILED MONETARY POLICIES and no Greenspan apologists lately are defending the indefensible, now all see that what was predicted was true: Greenspan broke something that did not need to be fixed. Regardless of what he does today, the markets will come back. Hopefully at the right time, Greenspan will do the honorable thing and at least offer his resignation. Then it is up to the President, and the U.S. Senate to decide whether we should put up with any more of this kind of collossal failure. With or without Greenspan the US will join Japan and go to the "ZERO RATE". As I had predicted and warned, the Europeans and the Saudiis would not tolerate the failed monetary policy that Greenspan put in motion and still has not let go of until today. All "THIS" could have been avoided if heeded. I am, Truly your$, -Crystal Ball