Forum Archive Index - July 2002

[nickk@quicksilver.net.nz]

I agree Derek.

Makes a mockery of the great 'ole US of A free market doesn't it.

Nk

Derek writes:

> It's a logical step to set up such a strategy.
> 
> A plunge protection scheme reminds me of what can happen if a bank gets in 
> trouble -
> 
> When it becomes known that a bank is in trouble, the rush on the bank can 
> by itself send the bank under.
> If it can be propped up for a while then it may be able to trade out of its 
> difficulties.
> Maybe the Plunge Protection Scheme (assuming it exists) is designed to prop 
> up the markets for
> a while until things turn around.
> 
> Given the investment that the US has put into it's military might, it would
> be irresponsible not to support the economy on which it (the US) depends.
> 
> Derek
> 
> 
> 
> 
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