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I thought that it was aimed at government
intervention in the markets. It may not be the same as buying futures, it
is worse.
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Dan
Goncharoff
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Tuesday, November 18, 2003 7:18
AM
Subject: Re: [RT] Re: Fed supporting
market
Providing liquidity to the markets is not the same as buying
futures, which is the charge leveled in the original
message.RegardsDanGIra wrote:
The fact is it did happen in 1987. The
fed told the banks to give unlimited credit.
<BLOCKQUOTE
>
<DIV
>-----
Original Message -----
<DIV
>From:
Dan
Goncharoff
<DIV
>To:
<A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
<DIV
>Sent:
Tuesday, November 18, 2003 5:21 AM
<DIV
>Subject:
Re: [RT] Re: Fed supporting market
Have you ever seen it claimed in a respected source? If so,
I would be interested in the reference, because I have long sought such a
mention in the established press, without success. AFAIK, it is just
foolish gossip.RegardsDanGBobsKC wrote:
<BLOCKQUOTE cite=""
type="cite">It is commonly accepted knowledge in the business world and while I most
certainly have not personally observed the practice, I have no recall of
the White House ever denying it, either. If the market tanks, so does
Bush. Do you not believe that he has the means to prevent this?
Bob
At 02:57 PM 11/17/2003 -0800, you wrote:
This is a strong statement, variations of which I've heard
many times with no factual support. Is there any support here?
regards,
tbr
> the Fed has shown in the past how it can hold up
markets via futures purchases
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