tag:blogger.com,1999:blog-11719208.post7969864042257260593..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Greenspan finds a flawTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-11719208.post-37072019700978866212011-08-10T04:05:56.098-07:002011-08-10T04:05:56.098-07:00I used to think that Alan Greenspan might be playi...I used to think that Alan Greenspan might be playing the role of John Galt, or Francisco d'Anconia... A destroyer with the intent of cleansing the system to enable a fresh start.<br />However, it has become obvious that he bears a much closer resemblance to another fictional character - Darth Vader. Once a great student of liberty and economic freedom, he was seduced by the dark side and became an immensely powerful force of evil for the Empire.Ken Danaggernoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-28598502884693865082008-10-25T11:51:00.000-07:002008-10-25T11:51:00.000-07:00alan greenspan is the PROBLEM period because he be...alan greenspan is the PROBLEM period because he believes in TOO MUCH DEBT AND NEGATIVE REAL EARNINGS GROWTH so that middle and lower class people have to borrow to maintain their standard of living. That way the bankers have all the money, the power, and social status, especially easy al himself.<BR/><BR/>Notice how he tries to deflect blame with partially and it is the banks fault.<BR/><BR/>IT IS YOUR FAULT FOR GIVING THEM CHEAP LABOR, CHEAP DEBT, AND LAX REGULATION.<BR/><BR/>If you can’t figure out the relationship between cheap debt, asset bubbles, and stock options, then you should have never been allowed to be chairman of the fed.<BR/><BR/>What easy al needs is a hat with a picture of cartoon character little alan greenspan that has a tattoo of too much debt on its forehead positioned in front of him so he sees the problem all day long (himself and too much debt).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-83816223175640385542008-10-23T16:45:00.000-07:002008-10-23T16:45:00.000-07:00Anon,I "seriously" doubt that proposal came from i...Anon,<BR/>I "seriously" doubt that proposal came from inside the congress, lol!<BR/><BR/>Interesting idea though.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-25711357582006708762008-10-23T16:40:00.000-07:002008-10-23T16:40:00.000-07:00i read a serious proposal the other day that the f...i read a serious proposal the other day that the federal government should send back all the income tax they collected over the last two years to get the American consumer back on his feetAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-55946502269704965192008-10-23T16:16:00.000-07:002008-10-23T16:16:00.000-07:00The latest acronym to save us all comes from the f...The latest acronym to save us all comes from the film "The Godfather part III":<BR/><BR/>In the film the Godfather Michael Corleone hatches a plan to take over Società Generale Immobiliare, the Vatican controlled mega conglomerate that holds various real estate and debt instruments. It is implied in the film that Immobiliare can forgive debt through Vatican influence, hence the interest by the Godfather.<BR/><BR/>My plan for the US financial system is to ask the Vatican to forgive all the debt of our homeowners, all the crap paper we sold all over the world. In addition I would implore the Vatican to guarantee all the money market funds, all the commercial paper, all overnight bank lending, all modified mortgages, all 401k's, and all stock market losses going back to last August. This plan is called "God Ordains No Eventual Responsibility" or G.O.N.E.R for short.<BR/><BR/>I am not poking fun at religion here, but I am trying to make a point. The lengthy laundry list of bailouts and wild guarantees above are in fact being attempted by our bankrupt government. Another day, another acronym. If total absolution seems silly to you, then why does false guarantees by a broken government make any more sense?EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.com