Let's take a closer look at Mr. Greenspan
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Anonymous
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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
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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
Site Admin Online
Site Admin Online
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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
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
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Don't you know the rule? A Democratic president must always reappoint a Fed Chief previously appointed by a Republican. |