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

To: glenn_a who wrote (78218)	1/26/2007 8:44:09 PM
From: John Vosilla	Respond to of 110194

'But irregardless, I don't trust the Fed. I don't trust them to manage the credit system for the broader interests of society, or the global community. I believe them to be primarily interested in manipulating wealth in the interests of the economic and political elites.' Once in a while they make a freudian slip like when Greenspan recommended Joe6pack go into ARM's cause they were such a great deal even when 30 yr fixed rates were near 5%. I guess his banker friends didn't want that mismatch on their books guaranteeing negative interest margins during the next inflationary round upcoming due in large part to Sir Alan himself and the fiscal irresponsibility of the Bush administration ..