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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (43042)	1/12/1999 1:47:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

T, The Fed threw gasoline on the fire, which is as close as they have gotten to reducing speculation. <G> I have no faith that the Fed will do anything to pop this bubble until the bonds and the dollar forces them to. Which may not be that long. MB

To: Tommaso who wrote (43042)	1/12/1999 5:01:00 PM
From: Mike M2	Read Replies (2) \| Respond to of 132070

Tommasso, the Fed is run for the good of the bankers the public be damned. I believe AG must know that this bubble will burst and the longer he waits to act the worse it will be when it does burst. At this point i don't expect him to act and i hope he realizes that the mkt should go down substantially before he bails out the banks again with more rate cuts. Mike

To: Tommaso who wrote (43042)	1/12/1999 8:59:00 PM
From: Bonnie Bear	Respond to of 132070

Tommaso: fox news leaked..the feds are having difficulty making their payments on the 6T national debt...kinda like the guy who rejoices when he has a positive bank account balance because he put his mortgage on his credit card....the feds like the bubble and the churning because it increases 1040 taxes. A trillion dollars of the 6T stock market is CEO-owned....easy enough for them to predatory-price a market basket of stuff to keep the CPI down.