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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (6473)	9/17/1998 4:45:00 PM
From: Ramsey Su	Read Replies (2) \| Respond to of 9980

David, I am not a WSJ subscriber so I can't read the whole article. I saw the depressing speech and portions of the Q&A that CNBC broadcasted. Based on your post, I believe Greenspan was quoted out of context. He and Rubin had no solution except to give IMF more money. The trashing of IMF I think were from Sanders (some senator?) , who presented a much more thought out opinion against the IMF than whatever Greenspan mumbled about. Frankly, I am not longer amused by this Greenspeak stuff. His ego is now far larger than his brains. His contempt for the audience yesterday was all too apparent. Joseph Kennedy asked him a good questions. After a few minutes of typical Greenspeak, Kennedy finally gave up and said something like - Mr. Chairman, you are miles away from my question, I know you are going to dance around the question anyway so don't bother trying to answer anymore. Sanders asked a very intelligent question, though a little excited and critical of the IMF in his delivery. Greenspan responded simply by disagreeing with no reasoning, treating Sanders as if he is a moron. Playing these stupid mind games in front of capitol hill accomplishes nothing for economies around the world at the verge of collapse. He is so over rated that if we are counting on him to prevent a recession here, not to mention saving the economic world, good luck. I don't know if the appearance is repeated on CSPAN or anywhere. It is well worth watching, though depressing, if you have a chance. Ramsey

To: DMaA who wrote (6473)	9/18/1998 5:06:00 AM
From: Thomas Haegin	Respond to of 9980

David, hmmmmmmmmmm.... the IMF simply throwing money into each fire on the planet is - if nothing else - costly... Obviously in Russia they were dead wrong with what they did. I am more positive about their actions in Korea... allthough I may be so because it seems that Korean leaders try to keep their promises. In Russia IMF got it wrong repeatedly and did not take appropriate action. If you ask me, not one more cent for Russia. Guess who's next... Brazil... another debacle waiting to happen. In all, the IMF should be more critical in throwing around all these billions, IMO. Besides if I remember the early days of this board correctly there were good arguments why the IMF should stay out completely. Thomas