In a message dated 1/5/03 6:56:36 PM, [EMAIL PROTECTED] writes: << Take the crash of 1929. In Devil Take the Hindmost, Edward
Chancellor records how Wall Street's elite convinced themselves that the rules of economics had been rewritten and that the market could support ever-higher share prices. >> In all fairness, while it's possible the market would have crashed eventually anyway--that's certainly true of the bankers who ran the Fed at the time--the Fed caused the stock market crash, and did so deliberately by tripling the rediscount rate the day before the crash. David Levenstam
