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To: Smart Investor who wrote (17729)10/5/1998 1:29:00 PM
From: Joseph G.  Read Replies (1) | Respond to of 77400
 
You don't pay the Fed with your tax dollars, they make money on interest off treasuries they buy with the fed funds they make out of air.

Not too smart ...



To: Smart Investor who wrote (17729)10/5/1998 1:53:00 PM
From: Jurgen  Respond to of 77400
 
A .75 rate cut would weaken the dollar even more and kill the EMU. AG can't do it on his own, he needs the Germans.

It's not that easy, smartie :)

jurgen