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To: kech who wrote (15963)10/5/1998 6:02:00 AM
From: limtex  Read Replies (2) | Respond to of 152472
 
TB - ***** Mr G ******

In 1987 when the market crashed interest rates in London were dropped immediately by about 3% and in the US by I can't quite remember but more than 1/4%. The result was that the market drop lasted a couple of days if that and panic was averted.

So far in the face a catastrophe immeasurably greater than that which faxced us in 1987 all we have got is a drop of 1/4%. This is an incredible lack of reality by the Fed.

Regards,

L



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