> Of course, the Fed could have tried to slow the bubble by raising margin >requirements. It's not clear this would have worked, but then again, the Fed never tried it.< right, but the officially-"independent" Fed isn't independent of pressure from the financial interests, who hate that kind of thing. It's only independent from democratic control. --------------------------------------------- This message was sent using Panda Mail. Check your regular email account away from home free! http://bstar.net/panda/
