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Home Front Economy
Capitalism at bay
2008-10-23
Posted by:tipper

#4  Greenspan is full of crap in his comments. He is smart enough to know the direction that they country was going. He just doesn't want all the socialist illuinati to cut him out of a chance to serve (lead) the Obama nation.
Posted by: Jeremiah Spitch5663   2008-10-23 15:51  

#3  I'll bet Andrea Mitchell says he was "awesome" in her report...
Posted by: tu3031   2008-10-23 13:20  

#2  WASHINGTON (Reuters) – Former U.S. Federal Reserve Chairman Alan Greenspan told Congress on Thursday he is "shocked" at the breakdown in U.S. credit markets and said he was "partially" wrong to resist regulation of some securities.

Shocked! Shocked I tell you! But, but, but Woodward's book 'Maestor' said ...."The Fed chief also adapts Einstein's technique to economics, hunting for discrepancies as keys to deeper theories."
Posted by: Besoeker   2008-10-23 13:09  

#1  Maybe because the banks and investment houses of socialist Europe turned to unsecured American speculative markets to actually make a farthing or pence rather than plow their capital back into a market in which there was either no or minuscule return on investment. And like an addict, when they got to taste real ROI, they threw out common sense to get more of the fix. Ask the fundamental question, why did the Euros invest so deep into the American market in the first place.
Posted by: Procopius2k   2008-10-23 12:16  

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