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

To: Merritt who wrote (50420)	3/7/1999 8:50:00 PM
From: Earlie	Read Replies (1) \| Respond to of 132070

Merritt: Your comments are right on. AG's comments before the Senate were very revealing. He sure sounded like a very worried guy. The list of concerns that he delved into was extensive. We also know that he thinks the market is bonkers and that he is well aware of what is likely to follow when the bubble bursts. AG shoved an unprecedented amount of liquidity into the system last Fall to re-start the locked-up bond market. His comments suggest that he now realizes that it was overdone, and that the bubble has been inflated to an even greater degree. Reserves are being removed now, and at a more-than-noticeable rate. Surely even the e-bananas know that this is a nasty for the market. Looks to me like A.G. is walking the tight-rope across the Niagara River. Best, Earlie