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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: robnhood who wrote (16859)	10/28/1998 6:09:00 AM
From: John Hunt	Read Replies (2) \| Respond to of 18056

Greenspan's magic bullet won't keep bears at bay amcity.com << The Greenspan bailout may be one of the most unconscionable financial acts of the past quarter century. The Federal Reserve and, for that matter, the entire USA may have largely forfeited the right to preach the free market gospel. Rather than allowing imprudent lenders to suffer the averse consequences of their reckless behavior, Mr. Greenspan rewarded them. Ironically, the bailout comes just as Congress weighs proposed changes in the personal bankruptcy process. Indeed, on the Sunday following the first Fed Funds rate cut, the New York Times noted the reform sponsors' enthusiasm for changes designed to teach people a lesson in prudence. And just who are among these fans of fiscal restraint and bankruptcy reform? Why, major lending institutions, of course. >> Hi russell, Watch out for the silver bullets on the trading floor today. :-)) John PS - Gold is starting to move again, IMHO. techstocks.com