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To: Geoff Nunn who wrote (542)	1/8/1998 2:02:00 PM
From: Rational	Read Replies (3) \| Respond to of 9980

Geoff: Perhaps you are ignorant about how Greenspan's speeches are produced. There are economists (who are past their prime to do original research) are assigned the task of writing the speeches. A friend and colleague of mine often wrote speeches for Greenspan based on research ideas of relevance generated by other economists. During my 5 years at the Fed, many of my ideas have gone into such speeches and have been legislated into law governing bank regulation in the US. I use my time for original research and read others' research, and generally do not waste my time in reading speeches based on such research. Quite frankly, I do not have much time to argue with you too. Sankar This is what you said: <<BTW, isn't it a bit disingenuous to suggest as you did that reading Greenspan's entire speech could have compromised your independence?>>