[Fracas]

Someone has to say it, so I will. We can't handle the truth.

Great post.

[Uncle Bill]

"The market’s stunning rally Wednesday was credited partly to rumors that Federal Reserve Chairman Alan Greenspan was meeting with colleagues to consider cutting short-term interest rates from their already-low levels." - July 24, 2002 - MSNBC - Analysts See No Need For Fed To Act
"But a rate cut right now would seem like a panic move, several analysts said, especially after Greenspan’s congressional testimony just last week that the “economy has held up remarkably well” after a series of blows including a terrorist attack, recession and stock market downturn.

Fed officials declined to comment on rumors that policy-makers were holding an unscheduled meeting."