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To: RealMuLan who wrote (6558)	2/17/1999 5:01:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 99985

It's suppose to be an adjustment, but I'v never seen them add and drain on the same day. At any rate I said it was more the expectation that they would add today, ( it effects short term margin rates among many other things ) The Fed has been on a spree of adding liquid ever since the LTCM , & no it don't always work out even , but they kid themself about that all the time. Just remember all the deals the S&Ls got and how trusty they were at one time, and that most of them are right back in the banking business today. And how it was fixed, fixed all right under the rug and into the National Debt..and we will never pay off the interest on it, never. As it's just like the double price on a home to cover the discount points, that hot air is really the last thing paid off, so as the hot air of "fixing" the S&L mess will be the last thing we will pay off..do you think we will ever not have a national debt ? Till then dam the politicians who tell you the ROTC fixed the S&L mess, they fixed YOU the tax payer right up the rear. Jim