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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Stephen who wrote (39352)	8/31/2002 3:10:29 PM
From: Ramsey Su	Read Replies (1) \| Respond to of 52237

That article is rather poorly researched and written. The reporter did not point out the key issues, such as how he bailed out LTCM and pumped up the bubble. But the last two paragraphs best summed it up: The other weapon open to the Fed, which besides controlling official interest rates helps regulate the financial system, would be to tighten requirements for margin lending. Some economists say the Fed could have sent a powerful signal to the markets that prices were becoming excessive by making it harder for investors to borrow to purchase shares. But Mr. Greenspan said there was little evidence that raising margin requirements would have tamed the market. I like to see what evidence he is talking about? Had it been done in recent history? Under what circumstances? He just makes up things along the way and expect people to blindly believe him. Isn't it obvious that he realized he should have raised margin requirements but were told by his wall street supporters not to do so? Afterall, what harm would that have done aside from cutting down the revenue of wall street brokerages? Why not try it? By the way, did you hear that he turned down the knighthood offer by the UK? He was quoted as saying, "when I am King already, why would I want to be just a sir?"