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To: PAUL ROBERTSON who wrote (79764)12/3/2001 5:12:49 PM
From: Professor Dotcomm  Respond to of 116764
 
Perhaps the recent world bank idea of sovereign states being able to go into chapter XI (like Enron has done) might save Argentina or, as you suggest, USA later.



To: PAUL ROBERTSON who wrote (79764)12/3/2001 10:39:35 PM
From: long-gone  Respond to of 116764
 
let's hope not.



To: PAUL ROBERTSON who wrote (79764)12/11/2001 2:12:34 PM
From: Alex  Respond to of 116764
 
Another good read..........

<<Alan Greenspan is eulogized by media elites and many politicians as a magician who can create prosperity. But Greenspan, whose mentor was the disastrous Federal Reserve Board Chairman of the early 1970s, Arthur Burns, is playing a game that has come back to bite many of his predecessors.



Many of them either rigged monetary policy to serve political purposes or misread the monetary data and carried out policies that hurt the economy. Blundering, wrongheaded policies have been a trademark of central banks. In monetary policy, Greenspan believed, “it was very easy to be wrong even if you had virtually full knowledge. Someone who was right about 60 percent of the time would be very fortunate,”[1] he said.>>

more.........

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