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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (6416)	1/29/2004 9:28:55 AM
From: Chispas	Read Replies (1) \| Respond to of 110194

Oil, "... if devaluation of dollar was considered..." "...the current OPEC price as compared to the beginning of the preceding year would be about $24." iranmania.com

To: Chispas who wrote (6416)	1/29/2004 3:03:41 PM
From: Haim R. Branisteanu	Respond to of 110194

It is interesting if true why the WS system does work. Further I think if the quote of O'Neil is true then we have violation of fiduciary duty which for a government official knowing that the information disseminated to the public is false In a situation like AG or O'Neil it borders on crime by not speaking up their mind and warning the public. May be an attorney can give his opinion on this one. BOOK: GREENSPAN BLASTED 'CORRUPTING' OF MARKETS By JOHN CRUDELE Email Archives Print Reprint January 29, 2004 -- CAPITALISM is not working! There has been a corrupting of the system of capitalism." Did Karl Marx say this? Vladimir Lenin? John Lennon? None of the above. That quote - at least according to former Treasury Secretary Paul O'Neill - was uttered by none other than Alan Greenspan at the height of the 2002 Global Crossing, Enron et al. accounting scandal. "There's too much gaming of the system until it is broke," Greenspan is alleged to have said at a meeting of a bunch of big-shot economic policymakers at the Treasury on Feb. 22 of that year. That's from the book, "The Price of Loyalty" (Simon & Schuster), by O'Neill with Ron Suskind. It's a quote that has not gotten any play mainly because it has been overshadowed by O'Neill saying that President Bush was inattentive when it came to economic policy. Greenspan was upset, O'Neill contends, because corporate executives weren't playing fair. They weren't reporting what was actually happening at their companies, and the Federal Reserve chairman seemed to think the whole system upon which this nation's economy is built was crumbling. Corporate "earnings are a very dubious measure," added Greenspan, because executives can "craft" their numbers - i.e., lie.