Thank you for your postings. We need to sound the alarm before the liars and thieves in Washington and Wall Street rob us blind and we lose our freedom in the process
Looking For The Bottom - The Economist - July 26, 2002 "Share prices have fallen so sharply that there are rumours the Federal Reserve, America’s central bank, is considering an emergency meeting in order to counteract the resulting damages to financial liquidity. In the past few weeks, corporate-bond issuance has dwindled to a minimum. In trading in the money markets, yields on Treasury bills have fallen to 40-year lows as investors switch out of equities, seeking safer, if lower, returns. Other hopes may rest on the Fed in New York. Four years ago, the New York Fed stepped in to avert a liquidity crunch after the collapse in the assets held by Long Term Capital Management. However, as usual, both Feds declined to comment."
15 posted on 07/27/2002 7:43:36 PM PDT by Uncle Bill