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To: Mo1; nullsumme
Well those numbers were based on false numbers...

Yeah, these are the same people who now say they are going to fix things! Heaven help us. The last thing the markets need right now is Congress mucking everything up. All that yammerin' and hollerin' coming from Capitol Hill is what's got Wall Street spooked. It's not Bush and it's not O'Neil...it's the frickin' Congress!

Null...I never thought too much of O'Neil until I took the time to listen to him. The guy is solid and he's a good egg. He may not be full of spit and polish like Rubin but I believe he is honest and knows what he is doing. The reason why the markets are a mess is because everyone got caught up in the "image making" of business, a la bill clinton and politics, and ignored the substance. Remember all that talk about the 'new economy' and that we don't need companies to make money anymore, etc...It was all a sham and it's coming home to roost. If Wall Street doesn't like O'Neil, I think Wall Street has the problem, not O'Neil.

142 posted on 07/21/2002 9:54:29 PM PDT by Wphile
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To: Wphile
BINGO !!!

And you want my opinion Rubin has a lot to do with what is going on now

If I recall it was Rubin that called the White House asking them to back a loan for Enron

There is more to Rubin's past then the Press is reporting on

IMHO .. I'll take O'Neill any day
146 posted on 07/21/2002 10:00:56 PM PDT by Mo1
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To: Wphile
It's not just what O'Neil does in public, what he's doing behind the scene is more unsettling than his public remarks. There was this little reported mid-day surge last week from several large institution buyers, the buying momentum was solid enough to keep it into the closing, and then O'Neil spoiled party with a forced blip, this is a not the first time we've seen him doing it. Say what you want about Rubin, at least he never unnerves markets like that. Of course, what O'Neil did that day is just tip of the iceberg.
149 posted on 07/21/2002 10:06:21 PM PDT by nullsumme
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