Read, Greenspan biography, hat is when he organized it and called all the banks and told open the spigots, the fed will provide the liquidity, later on they actually put together an ad hock committee to handle "extreme". Some think that since that committee is already there, it is being used more than necessary, but I am not sure of that, I think the main trading houses use computer systems that have a tendency to stand "against" the wind, and that was seems like an organized action.
Zeev
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