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Thomas Richmond

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DEAR MR. CHAIRMAN
10/24/2008 7:02:48 PM
So here are three major factors that contributed to our country's world's current financial misfortunes: prolonged periods of historically low interest rates (even negative real interest rates), the complete deregulation of such derivatives as credit default swaps, and encouragement from Washington that the inflated housing boom was nothing to worry about. It's rare that you can pin so many large factors on one person, but, well, former Fed chief Alan Greenspan set the low interest rates, led the pressure on Congress to keep derivatives markets wholly deregulated, and was the voice from Washington that said everything was fine.                                                          
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Roger Macdivitt .

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Re: DEAR MR. CHAIRMAN
10/24/2008 7:10:10 PM

Thomas,.

We, in the UK, are pointing fingers at the accused here too.

Question is...........................

Have these guys had their houses reposessed?

I don't think so.

Roger

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Thomas Richmond

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Re: DEAR MR. CHAIRMAN
10/24/2008 7:14:52 PM
Whats going on over in england Roger? as it looks today i would rather be in England LOL
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Roger Macdivitt .

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Re: DEAR MR. CHAIRMAN
10/24/2008 7:41:52 PM

Hi Thomas,

No, things aren't good here either.

Several major banks have had to be bailed out. Real estate guys going bust and reposessions rising.

Stocks and shares in freefall. Sound familiar?

We are all in the same boat my friend. And the water is rough.

I'm an optomist though. I think, somebody must be making money, whty not me?

I keep doing new things, it's better than rusting in a corner.

Hope you feel better about the future soon.

Roger

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Thomas Richmond

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Re: DEAR MR. CHAIRMAN
10/24/2008 9:21:14 PM
WOW i had no idea it was over there as well, well heres a good note , if you a seller online, have a business of your own online and or partners, you will make Money! No doubt about that! So keep up the good Spirits my friend :).
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