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To: Robert Douglas who wrote (1066)12/1/1998 10:40:00 AM
From: Greg Jung  Respond to of 3536
 
-g- Well since I can't give out the PCA website, you might start
your weaning from a Cokie Roberts analysis to Alan Sloan, today's
Washington Post, with some mild vaguely related remarks.



To: Robert Douglas who wrote (1066)12/1/1998 4:31:00 PM
From: Greg Jung  Respond to of 3536
 
Here's some more bear bait for your reading list.


In the final analysis, today's bailout of Wall Street is little
more than another round of financial system monetization.
Today, truly massive credit creation encompassing the banking system
and the government sponsored entities, Fannie Mae, Freddie Mac
and the Federal Home Loan Bank system, rescues the leverage speculators
and, hence, the US financial system. We have, however,
a difficult time celebrating this largess, recognizing all to
well it only defers the inevitable devastating day of reckoning for the
unsuspecting American investor and taxpayer.


gold-eagle.com

There might be a PCA connection at that site.