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To: Oeconomicus who wrote (14784)10/15/1998 6:35:00 PM
From: Glenn D. Rudolph  Respond to of 27307
 
They did if they see enough risk or evidence of a recession to justify not waiting for a
regular meeting in just a few weeks.


Bob,

I agree that an immediate move may be necessary. There are people that are in the market both long and short that also work a "regular" job. I was out $20K mark to market before I was aware the rate was reduced.

Glenn