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To: 4rthofjuly007 who wrote (19709)	11/6/2001 6:19:37 PM
From: KyrosL	Read Replies (1) \| Respond to of 209892

Also, for the first time in a generation we got budget surpluses. A few years back people were projecting multi-hundred billion budget deficits as far as the eye can see.

To: 4rthofjuly007 who wrote (19709)	11/6/2001 6:21:28 PM
From: JRI	Read Replies (1) \| Respond to of 209892

4th....my last thought on this.....there are other techniques, other then Fed funds, in which Fed injects liquidity, and Greenie been doing that in excess since 94 (with an incredible pump at end of 99)...all those dot.com's that failed would have never gotten off ground w/o the extra liquidity... And Greenspan's intentions (94 Mexican bailout, 97 Asian bailout, and 98 LTCM bailout)...well, I would argue he was attempting to remove the moral hazard for selected groups, and that was wrong...Y2K is harder for me to criticize, for no one knew what to expect there....