http://www.washingtonpost.com/wp-srv/WPlate/1999-11/05/054l-110599-idx.html
Tom
Brad De Long wrote:
> >The Fed doesn't have to say things like that, does it? Isn't that
> >part of where its head-knocking power comes from? They can make life
> >difficult for those who don't play along (e.g. Drexel in the late
> >1980s)...
> >
> >Doug
>
> If it was the stick, then it becomes harder to object to the LTCM
> "arrangement"...
>
> Brad DeLng