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Ira,
Your actually talking about something else. Infact your talking about a
normal function of the FED. Yes, they supplied money to the
system....thats their role in times like that. This has absolutely
nothing to do with what these other paranoid and uninformed souls are
talking about though, where they claim the Fed was out buying futures to
support the market. It is actually illegal for them to do so. This is
usually where you start reading about references to a 'special'
organisation. Its so easy to do of course....'prove to me I'm wrong'
they will say as though that makes it true. LOL.
Adrian
> -----Original Message-----
> From: Ira [mailto:mr.ira@xxxxxxxxxxxxx]
> Sent: Wednesday, 19 November 2003 2:00 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] Re: Fed supporting market
>
>
> The fact is it did happen in 1987. The fed told the banks to
> give unlimited credit.
> ----- Original Message -----
> From: Dan Goncharoff
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Tuesday, November 18, 2003 5:21 AM
> 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:
>
> 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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