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To: robnhood who wrote (8730)	10/15/1998 6:37:00 PM
From: Joseph G.	Read Replies (1) \| Respond to of 86076

That was kind of unfortunate, but I'm not sure they were looking at taht. At least I hope they were not. <<"Obviously Wall Street has been suspicious of world financial problems, and therefore, they have been what the Fed would call excessively risk-averse. It is a surprise. Many people were open to the idea of further easing, but we were looking for some signs of trouble, first. Here, I think the Fed took the lead, before any clear signs of problems arose.">> Fed took the lead before signs of problems arose, and created problems for the future ...