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Providing liquidity to the markets is not the same as buying futures,
which is the charge leveled in the original message.
Regards
DanG
Ira wrote:
<blockquote type="cite"
cite="">
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 href=""
title="realtraders@xxxxxxxxxxxxxxx">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.
Regards
DanG
BobsKC wrote:
<blockquote type="cite"
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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