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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (28961)	9/25/1998 7:18:00 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 94695

Jim Here is one you should love! "In light of the Fed's involvement in the Long-Term Capital rescue, traders are reevaluating recent events, especially the behavior of Fed Chairman Alan Greenspan. On Sept. 16, in testimony before the House Banking Committee, Greenspan and Treasury Secretary Robert Rubin both downplayed the importance of hedge funds and the need for regulation. When asked about the Fed's ability to identify risk exposure from hedge fund activities, Mr. Greenspan replied that hedge funds ''are very strongly regulated by those who lend the money.'' He added that ''they are not all that large in the total context of the system.'' Rubin agreed. ''...the effect of those flows, though they can be substantial in some instances for a short period of time, probably have been substantially exaggerated.'' news.com You should be able to write 2 or 3 pages when you read this. :-) Monty