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To: Alex who wrote (27219)	1/28/1999 7:17:00 PM
From: long-gone	Read Replies (2) \| Respond to of 116764

<<McDonough, who also is President of the Federal Reserve Bank of New York, orchestrated on September 23 the 11th-hour, $3.6 billion recapitalization of LTCM. The rescue efforts, which did not involve any public funds, helped avert a full-fledged crisis in the U.S. and world financial systems.>> That's right, no public money was involved, the mine investors were "taxed" through the continued manipulation of the POG!

To: Alex who wrote (27219)	1/28/1999 10:51:00 PM
From: banco$	Respond to of 116764

BIS report - "Banks' interactions with highly leveraged institutions" bis.org

To: Alex who wrote (27219)	1/29/1999 3:57:00 AM
From: IngotWeTrust	Respond to of 116764

Alex sez: Mr. Basel Committeeperson McDonough, who also is President of the Federal Reserve Bank of New York, sez: [who] orchestrated on September 23 the 11th-hour, $3.6 billion recapitalization of LTCM. The rescue efforts, which did not involve any public funds, helped avert a full-fledged crisis in the U.S. and world financial systems. I nearly choked on that line... Lemme see... whose money does a central bank hold, be they german, french, spanish, or god forbid...our Federal Reserve? Oh, yes, I forgot for a moment...just borrowed "public money" from sales of bonds, leasing of gold, and the freshly printed script du jour...just before distribution ...BACK TO THE PUBLIC NY Fed Res. President, McDonough sure must think we are dumb, eh? O/49r