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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: stomper who wrote (16630)	8/31/2002 10:18:41 AM
From: Jorj X Mckie	Read Replies (5) \| Respond to of 17639

To Greenspan, 90's Bubble Was Beyond Reach of Fed I think I need to not comment extensively on this. I can feel my pulse quickening just reading this piece. Suffice it to say, Between interest rates, money supply and margin policy, I believe that the Fed not only could, but did have an effect on the Bubble. And that effect was to create it. The bastage is playing a shell game here. He is making everyone focus on the idea of the fed preventing a bubble when they should be focusing on the Fed's role in creating it. grrrrrrrrr..... nytimes.com ACKSON HOLE, Wyo., Aug. 30 — Alan Greenspan, the chairman of the Federal Reserve, defended the central bank today against criticism that it had mishandled the rise and fall of the stock market and said that the Fed could not have prevented the bubble on Wall Street without damaging the economy.