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| Thread ID: 89524 | 2008-05-03 03:12:00 | Alan Greenspan should be shot | Digby (677) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 665303 | 2008-05-03 03:12:00 | Hi Guys I blame Alan Greenspan as Fed governor for the last few years as totally responsible for the world-wide credit squeeze and housing crisis. It was under his watch that all these new sub prime loans were granted and all these crazy credit derivatives and new products were invented and sold. He as his department should have seen this coming and legislated to stop it happening. As a result house prices in the US went crazy followed by the rest of the western world, and every one felt richer than they really were, and now we are all paying for these greedy fat cat money men's actions. So he is to blame and anyone that publishes articles on him and how great a bank governor he was should reflect on the above. |
Digby (677) | ||
| 665304 | 2008-05-03 04:59:00 | The roller coaster ride has only just started, you ain't seen nothing yet. online.wsj.com I think this guy is only partially telling it like it is, but this is bad enough. |
zqwerty (97) | ||
| 665305 | 2008-05-03 05:27:00 | Why just him? Banks all around the world did silly thing a few years ago. (and even earlier - read 1987) The Listener used to have an ad inside the back cover every week from the ASB Bank urging people to buy something and "put it on the house" There would be a picture of a crane lowering a boat or a caravan onto a house and all the neighbours would be outside admiring the lucky family! They don't have that now - but I'll bet there's plenty of people regretting they did "put it on the house" |
decibel (11645) | ||
| 665306 | 2008-05-03 06:20:00 | Even Warren Buffet said that the meltdown wasn't too likely and if it did happen, it wouldn't really affect the national economy. And this guy hardly gets anything wrong. He is the Oracle of Omaha after all. |
beeswax34 (63) | ||
| 665307 | 2008-05-03 19:17:00 | Ask: "Where did the three TRILLION USDs go that were in the US Treasury? | SurferJoe46 (51) | ||
| 665308 | 2008-05-03 23:31:00 | Ask: "Where did the three TRILLION USDs go that were in the US Treasury? In-to Warrens back pocket,that's what I think. |
Cicero (40) | ||
| 665309 | 2008-05-04 00:52:00 | Ask: "Where did the three TRILLION USDs go that were in the US Treasury? War? |
vinref (6194) | ||
| 665310 | 2008-05-04 02:06:00 | Into the coffers of the military/industrial complex (Haliburton etc) and from there into bush's cronies pockets, it's known as everlasting war. www.word-power.co.uk |
zqwerty (97) | ||
| 665311 | 2008-05-04 02:36:00 | "Arguably, the unraveling has already begun. As Robert Hardaway, a professor at the University of Denver, pointed out last September, the subprime lending crisis "can be directly traced back to the [1983] BLS decision to exclude the price of housing from the CPI. . .With the illusion of low inflation inducing lenders to offer 6 percent loans, not only has speculation run rampant on the expectations of ever-rising home prices, but home buyers by the millions have been tricked into buying homes even though they only qualified for the teaser rates." Were mainstream interest rates to jump into the 7 to 9 percent range—which could happen if inflation were to spur new concern—both Washington and Wall Street would be walking in quicksand. The make-believe economy of the past two decades, with its asset bubbles, massive borrowing, and rampant data distortion, would be in serious jeopardy. The U.S. dollar, off more than 40 percent against the euro since 2002, could slip down an even rockier slope. The credit markets are fearful, and the financial markets are nervous. If gloom continues, our humbugged nation may truly regret losing sight of history, risk, and common sense." www.mindfully.org |
zqwerty (97) | ||
| 665312 | 2008-05-04 03:38:00 | War? What is it good for? |
beeswax34 (63) | ||
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