tag:blogger.com,1999:blog-11719208.post5900582059708658844..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Greenspan: A once-in-a-century eventTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-11719208.post-58394150770206670902009-02-18T18:47:00.000-08:002009-02-18T18:47:00.000-08:00To Anonymous. Guess what? The structure has collap...To Anonymous. Guess what? The structure has collapsed and the economy is essentially destroyed for years to come. As for Alan Greenspan...does anyone remember when he essentially endorsed ARM mortgages and other non-fixed mortgages at a time when the mortgage rates were at historic lows? That was economic malpractice. He was shilling for the Bush administration as he helped creat an illusion of a growing economy that was based on pulling equity out of overpriced real estate, not real growth. One big fraud.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-245782448639626012009-02-18T15:45:00.000-08:002009-02-18T15:45:00.000-08:00The Maestro's advocacy of more TARP injections is ...The Maestro's advocacy of more TARP injections is prima facie evidence of intellectual bankruptcy.Anthony Alfidihttps://www.blogger.com/profile/11420163177787702821noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-219005512768525832009-02-18T09:46:00.000-08:002009-02-18T09:46:00.000-08:00Campaign to Cancel the Washington National Debt By...Campaign to Cancel the Washington National Debt By Constitutional Amendment Begins in the U.S.<BR/>See the following URL for more information: <BR/>http://www.facebook.com/group.php?gid=67594690498&ref=ts <BR/><BR/>It is time to give up on Congress already controlled by the special banking and Wall Street elites who pushed the debt to unsustainable levels against the will of the American people and then bailed themselves out with trillions of dollars in more national debt on this and future generations. The only way to control and cancel much of the Washington government debt is to pass “The Washington National Debt Constitutional Amendment” in 2/3 of the states and repudiate much of the Washington treasury debt before it bankrupts every private American citizen. <BR/><BR/>The Campaign will bypass a corrupt Congress and the leadership of both political parties often controlled by special interests at the national level and seek a debt solution through the constitutional amendment process starting at the state level which will repudiate any Treasury debt issued or rolled over after the deadline of 12/22/2013, exactly 100 years after the establishment of the Federal Reserve System. We fear the massive increase in the level of indebtedness due to the meltdown and depression will first bring down the Treasury market followed by the US dollar and this will destroy the American economy for years to come. <BR/>America is living with a financial threat much like people living below a dam which is about to burst. Should we take control of the situation and release the water pressure on the dam with a controlled release at the time of our choosing after the threatened population have moved everything of value out of the flood path or wait until the structure collapses and the flood washes away everything of value. <BR/><BR/>More information will be announced soon!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-21481601432244367192009-02-18T09:23:00.000-08:002009-02-18T09:23:00.000-08:00You missed the best part:http://www.cnbc.com/id/15...You missed the best part:<BR/><BR/>http://www.cnbc.com/id/15840232?video=1038295405<BR/><BR/>where he describes how traders were willing to risk default of their institutions once every 100 years. Academic exercise indeed.<BR/><BR/>dmGeorge Mhttps://www.blogger.com/profile/17076210718619062192noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-4974778032629623912009-02-18T08:12:00.000-08:002009-02-18T08:12:00.000-08:00I can't remember the rules for 'Greenspan' and 'me...I can't remember the rules for 'Greenspan' and 'mess' sightings. Here's one from the Prudent Bear that has them within 69 words of each other:<BR/><BR/>http://www.prudentbear.com/index.php/commentary/creditbubblebulletin?art_id=10191<BR/><BR/>(You have to scroll way down to his commentary on the page.)<BR/><BR/>Greenspan is finally seen by most people as the old fool he always was. His recent comments boil down to:<BR/><BR/>"It might get worse or it might get better."<BR/><BR/>Thanks, again, Alan.<BR/><BR/>It's time for him to just go away and shut up. <BR/><BR/>Narcissists don't do that very well...Anonymousnoreply@blogger.com