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To: Glenn D. Rudolph who wrote (146940)	9/5/2002 7:03:29 AM
From: Oeconomicus	Respond to of 164684

It just sounded kind of like Wall Street was going pay their debt:-) Well, someone's got to. <g>

To: Glenn D. Rudolph who wrote (146940)	9/5/2002 10:08:00 AM
From: Alomex	Respond to of 164684

Yet Mr. Greenspan's remarks reinforce a worry I've had for the past few months: that Fed officials will respond to continuing economic weakness not with action but with excuses. We've seen the process all too clearly in Japan. First officials at the Bank of Japan denied that they had any responsibility to fight economic stagnation; their mandate, they said, was solely to ensure price stability. Then, as inflation gave way to deflation, even price stability was no longer their business. In other words, rather than risk trying to solve Japan's problems and failing, the bank has repeatedly redefined its mission so that it doesn't even have to try. I never thought the Fed would go down the same path. But after listening to Mr. Greenspan explain why he couldn'ta and shouldn'ta, I'm starting to wonder. nytimes.com

To: Glenn D. Rudolph who wrote (146940)	9/5/2002 4:56:00 PM
From: Alomex	Read Replies (1) \| Respond to of 164684

Perhaps the deals say something more profound about the post-9/11 market than about Buffett. With so many stocks having plummeted, so many companies beset by scandal, so much money fleeing the market, and such a crisis of investor confidence, one might expect that the classic value situations that are Buffett's hallmark would be everywhere. Buffett should be grabbing an underpriced company every few days. The fact that Buffett, who has oodles of cash to put to work, hasn't found many—and has instead been nibbling on distressed properties—shows just how overvalued stocks still are. slate.msn.com