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To: Dr. Jeff who wrote (15146)10/1/2001 7:06:56 AM
From: UnBelievable  Read Replies (1) | Respond to of 209892
 
The Idea of The Fed Actually Setting Stocks Prices Seems Like It Could Be Perceived As So Non Free Market <gg>

While I wouldn't doubt that it could occur, if disclosed it could prove somewhat controversial. Unpatriotic folks might even claim it would be Un-American for them to do so. <gg>
Achieving the same result with chain of loans which include "indexed" repayment schemes and further refinement using derivatives seems to have the advantage of at least preserving the pretense of a free market.

Kind of in the spirit of maintaining the "corporate veil".