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To: Jack Bridges who wrote (123745)	9/3/2002 8:56:58 AM
From: Art Bechhoefer	Respond to of 152472

Jack, Maurice, and Jon--For a different view on this subject, read Krugman's op-ed column in today's New York Times. Krugman points out that Greenspan actually recognized a stock market bubble in 1996 and considered raising margin rates at that time. But he got cold feet because he knew it would be very unpopular. Many analysts agree that raising margin interest rates would have been the best way to curb the bubble. Greenspan now denies it. Like any successful bureaucrat, he favors the axiom, make no decisions, make no mistakes, and defines his job accordingly. Art Bechhoefer

To: Jack Bridges who wrote (123745)	9/3/2002 12:33:35 PM
From: H. Bradley Toland, Jr.	Respond to of 152472

Why would anyone want to stop a stock market bubble? You can't prevent a fool from loosing his money with or without tighter money or tighter margin requirements. Why would anyone want to prevent a stock market collapse? And, in my opinion, Greenspan's position should not exist. regards, bt

To: Jack Bridges who wrote (123745)	9/3/2002 12:59:13 PM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 152472

yes, Greenspan is on the record saying he could guarantee stopping the stock bubble by raising margin rates. he said this in 95 or 96. and he obviously recognized the existence of the bubble back then with his irrational exuberance speech. it seems to me he just started drinking the koolaid and then believed the market's and his own BS about productivity and so on. it is unfortunate for our country that a man of such limited integrity and intellectual capacity was in such an important position. we will all pay for his errors over the next decade.

To: Jack Bridges who wrote (123745)	9/3/2002 12:59:13 PM
From: Wyätt Gwyön	Respond to of 152472

yes, Greenspan is on the record saying he could guarantee stopping the stock bubble by raising margin rates. he said this in 95 or 96. and he obviously recognized the existence of the bubble back then with his irrational exuberance speech. it seems to me he just started drinking the koolaid and then believed the market's and his own BS about productivity and so on. it is unfortunate for our country that a man of such limited integrity and intellectual capacity was in such an important position. we will all pay for his errors over the next decade.

To: Jack Bridges who wrote (123745)	9/3/2002 12:59:12 PM
From: Wyätt Gwyön	Respond to of 152472

yes, Greenspan is on the record saying he could guarantee stopping the stock bubble by raising margin rates. he said this in 95 or 96. and he obviously recognized the existence of the bubble back then with his irrational exuberance speech. it seems to me he just started drinking the koolaid and then believed the market's and his own BS about productivity and so on. it is unfortunate for our country that a man of such limited integrity and intellectual capacity was in such an important position. we will all pay for his errors over the next decade.

To: Jack Bridges who wrote (123745)	9/3/2002 12:59:12 PM
From: Wyätt Gwyön	Respond to of 152472

yes, Greenspan is on the record saying he could guarantee stopping the stock bubble by raising margin rates. he said this in 95 or 96. and he obviously recognized the existence of the bubble back then with his irrational exuberance speech. it seems to me he just started drinking the koolaid and then believed the market's and his own BS about productivity and so on. it is unfortunate for our country that a man of such limited integrity and intellectual capacity was in such an important position. we will all pay for his errors over the next decade.