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To: Cynic 2005 who wrote (8771)10/16/1998 8:52:00 AM
From: Joseph G.  Respond to of 86076
 
<<So, considering all the problems this rate cut is going to cause, why did Greenspan still think the move was a good idea? >>

But, cutting the rate is not going to make big difference for a financial institution in the short run. If Easy Al needs to save somebody, a more direct and focused action is needed, not the rate cut.



To: Cynic 2005 who wrote (8771)10/17/1998 7:39:00 AM
From: KENNETH R SANDERS  Respond to of 86076
 
MMV >>>>>As one veteran trader put it: I'm selling everything. I expect there's
some bad news that's gonna come out. >><<<<<<<< Don't know if they are stealing my line or just quoting me.<G> You know we are being watched<G>


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