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2008-10-23 Home Front Economy

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Posted by tipper 2008-10-23 11:58|| || Front Page|| [3 views ] Top

#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|| 2008-10-23 12:16|| Front Page Top

#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|| 2008-10-23 13:09|| Front Page Top

#3 I'll bet Andrea Mitchell says he was "awesome" in her report...

Posted by tu3031 2008-10-23 13:20|| 2008-10-23 13:20|| Front Page Top

#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">Jeremiah Spitch5663 2008-10-23 15:51|| 2008-10-23 15:51|| Front Page Top

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