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To: Richnorth who wrote (84881)4/29/2002 7:55:01 AM
From: LLCF  Read Replies (1) | Respond to of 116815
 
<<I recall reading that the big mistake the Feds made in the crash of 1929 was that they did not turn on the liquidity spigot. >>

Actually the fed cut quickly and deeply in the year following the crash.

DAK