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> -----Original Message-----
> From: owner-lbo-talk at lists.panix.com
> [mailto:owner-lbo-talk at lists.panix.com]On Behalf Of Carl Remick
> Sent: Thursday, March 22, 2001 4:31 PM
> To: lbo-talk at lists.panix.com
> Subject: Don't blame AG
>
>
> I've seen a surprising number of articles in the financial press
> -- two --
> saying that investors shouldn't blame Alan Greenspan for the
> hopeless mess
> the market's in.
>
> There's no question that any number of economic forces are beyond AG's
> control, but let's get real: No Fed chairman in my lifetime --
> not Arthur
> Burns, not even Paul Volcker -- has made the assiduous effort to
> promote a
> cult of personality that AG has. To me, this God-like image that
> he has so
> carefully cultivated is the most Ayn Randish thing about the man.
>
> So, no, Greenspan is not really responsible for the train wreck that
> characterizes the capital markets now. At the same time, I
> eagerly await a
> howling mob suspending the Federal Reserve Chairman from a tree by his
> withered genitals.
>
> Carl
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