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Bland Jive: Andrea Mitchell Verbally Fisted
2008-06-10 16:16:00 NBC promotes former South Carolina beauty queen Amy Robach to Saturday "Weekend Today" hostess. TV NewserNBC/MSNBC's Andrea Mitchell forced to apologize on-air yesterday for calling West Virginians rednecks. Redneck coal-dusted newspaper wretch: "Thank You, Andrea Mitchell, For The Ready-Made Column" Bristol Herald J. Todd Foster: "You might be a gold digger if you marry a Fed chairman older than your daddy". "Where is Walter Cronkite when you need him?" Disgusted CNN viewer on political and media whores pretending they're hip with the Obama "fist bump". CNN "A Brief History Of The Fist Bump" TIME magTIME gets away with what Fox News E.D. Hill is pounded for: likening the American hand jive with a similar Arab terrorist hand gesture. Media Matters
By: Chickaboomer
It's just too many PANICS (thank you Alan Greenspan). So what did I miss?
2008-06-07 23:13:00 HousingPANICRicePANICFoodPANICO-ilPANICIranPANICWaterPANICRepub-licanPANICArtPANICDollarPANICGo-ldPANICBernankePANICRealtorPANI-CRamenPANICHummerPANICDeficitPA-NICBoomerPANIC
By: Housing PANIC
Alan Greenspan: No Longer An American Idol?
2008-05-14 22:33:00 It sure is funny how Wall Street and investors around the world used to fixate on former Federal Reserve Chairman Alan Greenspan. Every word, every action of the economist was scrutinized to no end as if correctly deciphering it would mean untold riches. Conducting this process was all the more impressive considering the ...
By: Boom2Bust.com
How Is Alan Greenspan To Blame?
2008-04-26 19:10:00 Critics are blaming Alan Greenspan for today’s financial crisis, but now the former Federal Reserve chief is fighting back. Greenspan sets the record straight in an exclusive interview. Part 1 Part 2 What are others saying about Alan Greenspan Alan Greenspan unfair blame for sub prime crisis… Why do people blame Alan Greenspan for the sub-prime crisis? He lead ...
Politicians Equal Armageddon
2008-04-22 15:22:00 Came across the following this morning from MarketWatch columnist Paul B. Farrell: Four years ago Stephen Roach, chairman of Morgan Stanley Asia, warned that we had only a 10% chance of avoiding ?economic Armageddon.? George Soros, Bill Gross, Jeremy Grantham and others saw it coming. But not politicians: Alan Greenspan, Ben Bernanke and Henry Paulson knew, ...
By: Boom2Bust.com
Thank you Alan Greenspan, Angelo Mozilo and the realtors of America for rui
2008-04-20 11:48:00 Hope it was worth it, you know, all those profits. All those commissions. All those bonuses. Meanwhile, watch for the divorce rate in the US to soar. Along with the crime rate, the domestic violence rate, the foreclosure rate, the murder rate, the unemployment rate, the inflation rate, the bankruptcy rate, ..........Home Mortgage Crisis May Boost Divorces in U.S., Experts SayThe home mortgage crisis in the United States has spawned problems in the mortgage, real estate and banking industries, and many consumers are now facing mortgage payment increases in the coming months that could cause the number of home foreclosures to climb even higher. And all of those financial woes may be spawning another problem as well -- an increase in divorces, experts say.Scott Daniels, an Ocala, Fla. Realtor, doesn’t need a study to tell him what he already knows -- the mortgage industry crisis is causing an increase in the number of couples who are getting divorced."In the last three months, we hav...
By: Housing PANIC
Alan Greenspan, no longer sleeping well and realizing he will forever be bl
2008-04-08 06:00:00 Surprising piece in the FT today from Greenspan, where he seeks to refute a critic who blamed him for the housing bubble."Housing bubble? Nah, had nothing to do with it" Greenspan essentially retorts.Well, let's make HP the judge and jury today in regards to Mr. Greenspan and his housing bubble. Here's my list of charges, please add to it:1) Dropped interest rates too low in a panic2) Kept interest rates too low for too long3) Failed to regulate the out of control mortgage lending industry he was supposed to regulate4) Didn't speak out against the bubble ('oh, a wee bit of froth' cutesy cutesy is not speaking out)5) Falsely said the Fed could and should do nothing to deflate bubbles6) Stupidly steered people away from fixed-rate mortgages and into risky ARMs at exactly the wrong time (before he began raising rates), while encouaging the out of control REIC to get even more creative and even more stupid with exotic lending7) Didn't warn Americans that they could be financially ...
By: Housing PANIC
Alan Greenspan Endorses John McCain, A Man He Respects.
2008-04-07 02:56:00 This endorsement from the former federal reserve chairman, Alan Greenspan, will do much to improve his economic creds. Talking about John McCain, there have been talk about Condi Rice for his Veep... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By: Osi Speaks!
Hillary Clinton has a massive brainfart, calls on Alan Greenspan (who creat
2008-03-24 16:25:00 Monkeys I tell ya.Monkeys.Go away Hillary. Go home. You're no longer needed around here.Clinton calls for panel on housing woesDemocrat Hillary Rodham Clinton called on President Bush on Monday to appoint "an emergency working group on foreclosures" to recommend new ways to confront the nation's housing finance troubles.The New York senator said the panel should be led by financial experts such as Robert Rubin, who was treasury secretary in her husband's administration, and former Federal Reserve chairmen Alan Greenspan and Paul Volcker.
By: Housing PANIC
Greenspan: Economy worst since WWII - Gallegly still thinks tax cuts are gr
2008-03-23 21:28:00 Interesting. Bush appeared at the Economic Club of New York just recently to say the US economy was just fine. Bush continually appears out of touch with reality. Even the experts around him can’t cover for his madness and dishonesty any longer. How long are the Republicans going to protect their “man” as ...
By: What's Going On
The Failing Fed
2008-03-21 21:55:00 Following through on a recommendation yesterday, I read the post ?5 Reasons Why the Federal Reserve is a Failure!? from Bankaholic.com. It?s a great piece (especially the part about the Fed awarding gold stars to those deserving detentions), and I think you?ll enjoy reading it over the Easter weekend. Having obtained permission to ...
By: Boom2Bust.com
Sir Alan Greenspan?s Image Rusting Away
2008-03-14 20:33:00 ”In retrospect, it’s easy to see how we got into this mess: Easy money fueled a stock-market bubble and, after that popped, more easy money saved the day, stoking a real-estate frenzy that crashed in surging U.S. home-loan defaults and losses exceeding $188 billion at banks and securities firms.“ Hindsight is 20/20 not just for the ...
Alan Shrugged: Alan Greenspan, the World's Most Powerful Banker ????:??????
2008-03-11 20:01:00 Alan Shrugged: Alan Greenspan, the World's Most Powerful Banker ????:??????????# Author:Jerome Tuccille# Format:PDF 1.1MB# Page Count: 302 pages# Publisher: Wiley; 1 edition (August 16, 2002)# Language: English# ISBN-10: 047139906X# ISBN-13: 978-0471399063As the book's title suggests, Alan Greenspan, chairman of the U.S. Federal Reserve, is probably the world's most powerful financial figure. Tuccille, a financial writer and biographer (Rupert Murdoch; Trump), covers Greenspan's life from his 1926 birth through early 2002. He recounts Greenspan's close relationship with his mother after his parents' divorce, his two marriages, and his affinity for both mathematics and music. Although he played jazz professionally, Greenspan chose to follow his mathematical side and made a career in economics. After years in the private sector, he moved into government service as an advisor to presidents Nixon and Ford before President Reagan appointed him Federal Reserve Chairman in 1987, a jo...
My head is spinning with all the news
2008-02-01 04:13:00 so what was the headline that greeted me this morning when i visited finance.google.com for the first time (i visit often)? What The…?!? Garmin Enters Cell Phone Market With iPhone Look-Alike i was of course intrigued. i was then very scared. garmin was taking a big step into uncharted territory. but then i thought, “but yeah, they’ve ...
Rate Cuts: Fastest Easing Of Monetary Policy Since 1990
2008-01-30 22:15:00 Surprise, surprise. This afternoon, the Federal Reserve lowered the federal funds rate by 50 basis points to 3%. U.S. financial markets were hoping for a rate cut of this magnitude, and stocks responded by shedding earlier losses and climbing higher. The Fed also announced that it was cutting its discount rate (the ...
By: Boom2Bust.com
Smoke and Mirrors
2008-01-25 17:41:00 So, it's finally happening - the bubble has burst and the economy is in a melt down. This comes as no surprise to many of us. Paul Krugman anticipated it in August of 2005. Well, last week Mr Greenspan warned us about the very condition his smoke and mirrors economics had created and Paul Krugman explains.Greenspan and the Bubble What he did say, after emphasizing the recent economic importance of rising house prices, was that "this vast increase in the market value of asset claims is in part the indirect result of investors accepting lower compensation for risk. Such an increase in market value is too often viewed by market participants as structural and permanent." And he warned that "history has not dealt kindly with the aftermath of protracted periods of low-risk premiums." I believe that translates as "Beware the bursting bubble."Like everything else, the economic policy of the Bush administration has been driven by politics. The so called "recovery" has not created new wealth...
U.S. at recession edge but not there yet - Alan Greenspan
2008-01-25 10:46:00 By Allan Dowd and Nicole Mordant VANCOUVER, British Columbia (Reuters) - The United States is at the edge of a recession, with the odds at 50 percent or possibly higher, former Federal Reserve Chairman Alan Greenspan said on Thursday. "The odds have definitely moved up from a year ago when I was talking of about a third," Greenspan told a financial audience in the Canadian West Coast city of Vancouver. "I think we are now at a point that we are at the edge or over." He added: "The probability of a recession is 50 percent, maybe more but we are not there yet." Greenspan's comments were similar to those he made earlier in the month, and he acknowledged that it was very difficult to predict exactly when the economy might enter a recession or was actually in one. The former Fed chairman said a lesson learned from previous downturns in the economy and financial markets - such as after the September 11, 2001 attacks - was the need to avoid protectionist...
By: B4U India
Federal Reserve Cuts Key Rates By 75bp to 3.5%
2008-01-22 18:38:00 With Recession Fears, Feds Cut Interest Rate The Federal Reserve cuts a key interest rate by three quarters of a percentage point, hoping to stem fears of a recession in the United States. (...)
Federal Reserve Cuts Key Rates By 75bp to 3.5%
2008-01-22 18:38:00 With Recession Fears, Feds Cut Interest Rate The [tag-cat]Federal Reserve[/tag-cat] cuts a key [tag-cat]interest rate[/tag-cat] by three quarters of a percentage point, hoping to stem fears of a recession in the United States. This is the biggest one day move by the central bank in recent memory.
Former Fed Chair Volcker Critical Of U.S. Central Bank
2008-01-19 02:11:00 Former Federal Reserve Chairman Paul Volcker was recently interviewed by the New York Times Magazine for a story it will be running Sunday. Reuters was able to obtain the text in advance of the publication, and reported Wednesday that Volcker thinks the Federal Reserve is to blame for asset markets being blown into bubbles, and ...
By: Boom2Bust.com
Ben Bernanke To Speak To Congress Today
2008-01-17 15:16:00 Federal Reserve chairman Ben Bernanke heads to capitol hill today. He may encourage lawmakers to stimulate the economy. Bernanke will appear before the house budget committee today. (...)
Ben Bernanke To Speak To Congress Today
2008-01-17 15:16:00 [tag-cat]Federal Reserve[/tag-cat] chairman [tag-cat]Ben Bernanke[/tag-cat] heads to capitol hill today. He may encourage lawmakers to stimulate the economy. Bernanke will appear before the house budget committee today. Legislators are set to question the fed chairman on steps to avoid the first recession since 2001. Bernanke may also try to avoid backing away particularly from tax ...
Alan Greenspan?s Policies May Have Hurt You In The Past And Future
2008-01-17 15:09:00 This is an interesting article on MSN money about the policies put in place by Alan Greenspan and questioning they helped you or hurt you and how it will affect your future. I was a very young during most of Greenspan’s tenure, so maybe some of you out there can expound a little more ...
By: Money Crashers
Alan Greenspan Surprises Attendees With Recession Prediction
2007-12-23 00:00:00 Alan Greenspan*, the powerful former Chairman of the Federal Reserve recently made waves at an economic summit in Japan. Mr. Greenspan predicted the US economy will have to absorb at least another $250 Billion dollars in loan losses due to reckless lending practices of US financial institutions during the past several years. ...
Alan Greenspan: “Yes . . . I’m Not, Not Senile?!”
2007-12-20 10:35:00 UPSTATE NEW YORK...12/20/07 2:00 pm EST... Giving a press conference from the bedroom of his new home, the Happy Trails Home for the Aging, former Chairman of the Board of Governors of the Federal Reserve, Alan Greenspan, was asked if his arrogance, or perhaps stupidity, had caused the dot com and/or current housing crises. Remarked Greenspan, “My roommate and me . . . we eat paste.” Asked then
By: Press Mess Blog
Greenspan Was Incompetent And Bernanke Only Knows Academics - Not Reality
2007-12-19 22:27:00 Alan Greenspan Was Incompetent And Ben Bernanke Only Knows Academics - Not Reality. Barron's Economics Editor Gene Epstein looks at the Federal Reserve's role in the housing crisis.
Bush Praises Subprime Mortgage Strategy
2007-12-19 19:56:00 Bush Praises Subprime Mortgage Strategy President Bush says it is “going to take a while to work through this mortgage bubble,” but that his administration does have a strategy for helping subprime borrowers refinance or restructure their mortgages. (...)
But they left out the politics
2007-12-19 07:00:00 The editorial board of the New York Times talks about the subprime crisis and tells us how it happened and who's to blame but leaves out why it happened.A Crisis Long Foretold An article in The Times on Tuesday by Edmund L. Andrews leaves no doubt that the twin crises of the subprime lending mess ? mass foreclosures at one end of the economic scale and a credit squeeze afflicting the financial system ? are rooted in the willful failure of federal regulators to heed numerous warnings.The Federal Reserve is especially blameworthy. Starting as early as 2000, former Fed Chairman Alan Greenspan brushed aside warnings from another Fed governor, Edward M. Gramlich, about subprime lenders who were luring borrowers into risky loans. Mr. Greenspan?s insistence, to this day, that the Fed did not have the power to rein in such lending is nonsense.In 1994, Congress passed a law requiring the Fed to regulate all mortgage lending. The language is crystal clear: the Fed ?by regulation or order, sh...
HousingPANIC calls for a Congressional investigation of Alan Greenspan and
2007-12-18 07:54:00 Nice to see the MSM doing their job, evidenced by this amazing expose in the New York Times. Now I wonder if Congress will start doing theirs. This is serious stuff HP'ers. Banks and lenders will fail, the US economy will be decimated, millions will lose their homes and our entire financial system will fall into disrepute. All because Alan Greenspan was either too incompetent or too corrupt to do anything about the out-of-control REIC that he was supposed to be regulating, while at the same time keeping interest rates too low for too long.HousingPANIC again calls on our corrupt Congress to open an investigation into the housing bubble and crash, with a particular focus on Alan Greenspan and the US Federal Reserve Bank. I don't know what the f*ck Schumer, Frank and Dodd are waiting for - more money or direction from Goldman Sachs perhaps? Let's get it on boys - I want subpoenas flying NOW! And the first one should be to Greenspan - the #1 cause of the Great Housing Bubble & Cr...
By: Housing PANIC
Alan Greenspan - The chutzpah!!!
2007-12-13 03:55:00 Alan Greenspan has written an article in the Wall Street Journal on the ongoing mortgage crisis in America. In it, he lays the blame for the crisis on almost everything else (including the collapse of the Soviet union) but for his own actions of keeping rates too low for too long as the Fed Chairman, even ...
By: Intelligentguess
Thanks Alan
2007-11-08 00:38:00 Well I'm a little poorer tonight. Not as poorer as I could be since only about 25% of my investments are in the US but still poorer. And I have Alan Greenspan and the Bush Administration to thank. In 2004 Greenspan was still pushing the "creative" lending packages that many were already were concerned about. The reason was to keep the bubble inflated through the 2004 election. Well Big Al's chickens have come home to roost. Of course ignoring the inevitable oil shortages since Reagan was elected has not helped any and neither has George W. Bush's mortgaging the country to finance his occupation of Iraq.Stocks Tumble on Weak Dollar and Oil Prices Stock markets were hit today by their second sharp sell-off in less than a week, sending the Dow Jones industrial average down 360 points to a level last seen in September, before the Federal Reserve cut interest rates.Banks and brokerage firms led the steep declines as investors remained skittish about lingering fallout from the summer?s...
Fear & Irrational Exuberance: Alan Greenspan Explains Why Google is Worth T
2007-10-11 04:32:00 Alan Greenspan was recently interviewed on the Daily Show. Explaining his old job, he stated: I have been dealing with these big mathematical models forecasting the economy, and I am looking at what is going on in the past few weeks and say, you know if I could figure out a way to determine weather or not ...
Alan Greenspan Recommends Wiping Out the Middle Class
2007-10-03 01:27:00 Alan Greenspan’s solution to economic inequality in the United States is to turn all Americans into 3rd world serfs. He also thinks Americans really do not need middle class incomes, nope, we all just greedy little chickens pecking outpower for power’s sake. We pay the highest skilled labor wages in the world. We need to supress the ...
By: NoSlaves.com
Subprime Lending Meltdown Fuels Risk and Opportunity for Creditors
2007-09-24 23:17:00 NEEDHAM, Mass., Sept. 24 /PRNewswire/ — The effect of the subprime mortgage meltdown continues to radiate out across the credit markets. (...)
Greenspan Is Preaching To The Choir
2007-09-21 23:58:00 OpinionJournal.com's Brendan Miniter says GOP fiscal policy has been criticized by plenty of other Republicans.
Housing Crisis Quote of the Day from Alan Greenspan
2007-09-21 17:13:00 Alan Greenspan revealed more about his thoughts on the Housing Crisis in Vienna, Austria today: “So far, prices have dropped only slightly. But it was enough to cause alarm around the world,” he said. “Prices are going to fall much lower yet.” “There is no doubt about the fact that low interest rates for long-term government ...
What Happened With Mortgage Rates After The Fed Cut?
2007-09-21 17:05:00 Mortgage Rates on 30 year mortgages rose slightly this week with a fixed rate mortgage average of 6.46%. This rate is up from 6.45% last week. (...)
Alan Greenspan Praises Israel's Economy
2007-09-20 06:38:00 It looks like the former US chairman Alan Greenspan is praising the Jewish state's economy for thriving in one of the world's roughest regions.(Israel National News) Outgoing US Federal Reserve Chairman Alan Greenspan wrote in his new book "The Age of Turbulence: Adventures in a New World" that Israel's economic growth demonstrates that economies can thrive even in times of violent conflict.Greenspan writes that he draws encouragement from the ability of market economies to hold on in the face of violence and the threat of violence. He also cites Lebanon and Iraq as examples.Despite the "love treatment" Israel is experiencing from its neighbors, Israeli citizens experience a life style similar to that of their American friends over seas.Note: For those wondering whether or not their actually is more to life in the holy land beside what they see in the news, Isrealli has a video of "a regular Joe" showing what life really is like in Israel.Content Copyright 2006-2007 of IsraGood. ...
By: IsraGood
Ron Paul Dialogue With Alan Greenspan
2007-09-19 17:56:00 This is great stuff via the Free Market News Network: Selected public-record exchanges (abridged) between Dr. RON PAUL (R-Texas) and ALAN GREENSPAN, Federal Reserve chairman. ===== 2/17/2000 ? DIALOGUE ONE (In which Ron Paul gets Greenspan to admit that the Fed has no way of knowing how much money the economy needs.) Dr. PAUL. “My concern is what is ...
By: Ponderthis...
Alan Greenspan: Master of the obvious-just war theory part two
2007-09-19 00:54:00 Former Federal Reserve Chairman Alan Greenspan stunned the universe by bringing up the possibility that the decision to invading Iraq had something to do with oil. He's right, of course (he also said that nobody in the administration told him that, that keeping the strait of Hormuz open was a good enough reason to remove Saddam, and that he still thinks it was a good decision). Greenspan didn't mean that Bush invaded Iraq to steal its oil. For the amount of money we've spent in Iraq, we could have purchased four and a half billion barrels of oil.** What he meant was that the crisis that would result from a stoppage of oil would create enough problems to justify military intervention. Is Greenspan correct? (For the original Just War theory, go here). Of the four reasons the United States engages in conflict, two are automatically justifiable; actual defense (armies crossing the border) and imminent threat (a strict interpretation of which is necessary, but it would include a...
By: Asymmetric
Alan Greenspan: Iraq War For Oil
2007-09-19 00:00:00 ?I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil,? Greenspan and black oil. Chairman of the Board of Governors of the Federal Reserve of the United States from 1987 to 2006, Alan Greenspan was the doyen brain of America’s economy for two decades. Writing for the Times ...
By: Garling Gauge
"Enemy Media" Contorts, Distorts And Lies About Alan Greenspan. . .
2007-09-18 18:41:00 Watching the ?Enemy Media? completely distort (Chris Mathews seemed to be having on air orgasms) what Alan Greenspan said regarding the economy, The Bush Administration, the War and just about everything else is maddening. I?m still not sure if they are just so uninformed that they are not aware of how dumb they sound to informed audiences (which sadly given my experience is like 10 of us) or if they are actively inventing facts. My gut tells me it?s a little both.In his interview with the WSJ, Greenspan stated that ?The Clinton administration was a pretty centrist party. ? But they?re not governing again. The next administration may have the Clinton administration name but the Democratic Party ? has moved ? very significantly in the wrong direction.? Greenspan is referring to the modern Democrat Party?s war on prosperity and free trade.On 60 Minutes, Greenspan referred to Hillary Clinton as ?unquestionably capable? and ?very smart.? To this statement they all fawned. Of course the ...
Alan Greenspan Makes Provacative Comments, To Sell His Book?
2007-09-17 20:26:00 Play Video Former Fed Chairman Alan Greenspan Makes Provacative Comments Sept. 17, 2007. (...)
Alan Greenspan?s Book, ?The Age of Turbulence
2007-09-17 20:06:00 In-Depth Look: Alan Greenspan's Book, "The Age of Turbulence". Sept. 17, 2007. 09:00 AM EST. Greenspan Says Home Prices Drop More, Economy Can Cope; Economy Will Get Through Credit Crunch
Alan Greenspan on 60 Minutes: Housing Market and Economic Forecast
2007-09-17 19:53:00 Alan Greenspan was interviewed on CBS's 60 Minutes with an outlook on the US housing market and economic forecast.Greenspan stated "... we're gonna get through this particular credit crunch... we always do..."This is a reinforcement that the real estate bubble hasn't burst... it's just taking a well-deserved break. Subscribe in a reader
First Aid for Legacies
2007-09-17 16:34:00 As George W. Bush tries to salvage what will be his own misrable legacy those associated with his administration are trying to do the same by distancing themselves from him. One of those is Alan Greenspan. As Paul Krugman points out it's too little too late. He had plenty of opportunities over the last six plus years and didn't.Sad Alan?s Lament When President Bush first took office, it seemed unlikely that he would succeed in getting his proposed tax cuts enacted. The questionable nature of his installation in the White House seemed to leave him in a weak political position, while the Senate was evenly balanced between the parties. It was hard to see how a huge, controversial tax cut, which delivered most of its benefits to a wealthy elite, could get through Congress.Then Alan Greenspan, the chairman of the Federal Reserve, testified before the Senate Budget Committee.Until then Mr. Greenspan had presented himself as the voice of fiscal responsibility, warning the Clinton adminis...
Alan Greenspan Book - The Age of Turbulence: Adventures in a New World
2007-09-17 16:28:00 In the immediate aftermath of September 11, 2001, in his fourteenth year as Chairman of the Federal Reserve Board, Alan Greenspan took part in a very quiet collective effort to ensure that America didn’t experience an economic meltdown, taking the rest of the world with it. There was good reason to fear the worst: the ...
Greenspan Lets It Fly
2007-09-17 03:49:00 Like any celebrity with a movie, a television series or book to sell, Alan Greenspan is on the media circuit pitching his new book entitled The Age of Turbulence: Adventures in a New World.I watched his segment on 60 Minutes tonight and a few things struck me about the man who determined Federal fiscal policy for most of the past two decades.First of all, this guy is serious about everything he undertakes. Economics wasn't the first career path he went down. Baseball was his first love. For an uber geek that's the sport that makes most sense as scoring a game is a science unto itself. Music was his second love as he was good enough to play the saxophone and clarinet professionally immediately after high school. But economics is where he made his mark, ultimately guiding the U.S. economy through a number of potential calamities including the crash of 1987 - Black Monday, the S&L crisis and 9/11's disruptive effects among others.Some people blame Alan Greenspan for the cur...
Alan Greenspan: Yes, the Iraq War was about oil
2007-09-17 02:58:00 A week ago, the website MoveOn.org took out an ad in The New York Times, criticizing General David Petraeus, the top U.S. commander in Iraq. "Petraeus or Betray us?" the ad said.
SHOCKING FLASH: Alan Greenspan shocks markets, says home prices are going t
2007-09-16 23:54:00 - Cause greatest financial mania in human history - check- During mania, tell people to take our adjustable rate loans - check- During mania, deny there was a mania - check- After crash starts, admit you screwed up - check- To finish things off, tell the world that home values are gonna crash and crash significantly - checkWow. A HOUSINGPANIC MESSAGE FOR ALAN GREENSPAN - GO F*CK YOURSELF. YOU RUINED LIVES. YOU DESTROYED FAMILIES. AND YOU WILL NOT BE FORGIVEN.Greenspan alert on US house pricesUS house prices are likely to fall significantly from their present levels, Alan Greenspan has told the Financial Times, admitting that there was a bubble in the US housing market.In an interview ahead of the release on Monday of his widely-anticipated memoirs, the former chairman of the Federal Reserve said the decline in house prices ?is going to be larger than most people expect?.
By: Housing PANIC
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