Let's take a closer look at Mr. Greenspan

[Anonymous]

http://www.washingtonpost.com/business/economy/greenspan-image-tarnished-by-newly-released-documents/2012/01/12/gIQAvh0mtP_story.html?hpid=z2

You know, at the time he was in office I had my doubts. How could so many people have been so blind.
If there is one person I blame for the financial crisis, it is Mr. Greenspan, alone.

[Anonymous]

You should watch "Inside Job." The whole lot of them were either blind, deluded, corrupt or a mixture of the three.

The really sad thing is that Mr. "Yes We Can Get Me Elected" came to office and proceeded to hire the same cast of losers for his cabinet.

[jsteele]

Greenspan, or should I say, Mr. Andrea Mitchell, famously said that Americans were wasting their money getting fixed-rate mortgages and should get ARMs:

http://www.usatoday.com/money/economy/fed/2004-02-23-greenspan-debt_x.htm

Then, resetting ARMs were one of the biggest contributors to the housing crash.

[Anonymous]

jsteele wrote:Greenspan, or should I say, Mr. Andrea Mitchell, famously said that Americans were wasting their money getting fixed-rate mortgages and should get ARMs:

http://www.usatoday.com/money/economy/fed/2004-02-23-greenspan-debt_x.htm

Then, resetting ARMs were one of the biggest contributors to the housing crash.

I very much remember that!
My grandfather would have said crazy, but then this really smart guy comes along and says to forget all those basic principles, come ride the wave!

[TheManWithAUsername]

Anonymous wrote:The really sad thing is that Mr. "Yes We Can Get Me Elected" came to office and proceeded to hire the same cast of losers for his cabinet.

Don't you know the rule? A Democratic president must always reappoint a Fed Chief previously appointed by a Republican.