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To: SamuraiScot
The s.o.b. is FORMER Fed Chairman. Whenever he opens his piehole, the stock market dives. He's the most overrated chairman in Fed history.

During the entire time he was in charge, with the exception of a difficult and jittery period after 9-11 until we begin to answer back big time, the economy was sound. Yet, he still managed to bring on a couple of recessions by raising interest rates more freqently and sharply than needed and usher in multiple mini-crashes (which later corrected) and two big crashes (which took longer to correct) simply because he couldn't keep his piehole shut.

I'd be willing to bet he has well-placed friends on Wall Street who profit handsomely from his loose lips.

He's the poster boy for the case of abolishing the Fed.

12 posted on 12/17/2007 12:27:36 PM PST by Vigilanteman (Are there any men left in Washington? Or are there only cowards? Ahmad Shah Massoud)
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To: Vigilanteman
“I’d be willing to bet he has well-placed friends on Wall Street who profit handsomely from his loose lips”

All he would have to do is call his buddys and say he’s going to talk to the press on X date at X time.

That gives you the buy/sell info you need.

I’ll betcha that old bastard does some heavy trading before hand!

19 posted on 12/17/2007 12:35:19 PM PST by Beagle8U (FreeRepublic -- One stop shopping ....... Its the Conservative Super WalMart for news .)
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