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To: Oeconomicus who wrote (14839)	10/16/1998 4:28:00 PM
From: craig crawford	Read Replies (1) \| Respond to of 27307

Perhaps what you call a credit crunch I call a return to more prudent lending standards. If lending institutions weren't so loose with their money to begin with, we wouldn't have these sorts of problems. I think they should be taught a lesson so they don't act reckless again. Greenie bailing them out with his loose monetary policy only serves to reinforce the notion that if you are big enough the Fed will come to bail you out. It encourages more abuses by not allowing adequate consequences for irresponsible behavior. P.S. I just want to state for the record that I think that Ralph "I'll make ya poorer" Acampora is a total clown. BTW, how many people do you think are going to go back to using leverage now that you should "never fight the Fed"? The market's ramping, and people have the impression that the all-clear signal has been sounded. Right about the time maximum leverage is incorporated into the market again, it will all collapse. And it will be on Greenie da Weenie's watch. I will blame him...