CORRECT....greenspan carried out EXACTLY what the globalist wealth entities wanted as described in their own documents. The plan was always to get the financial grid over leveraged and financially co-corrupted, through rigged risk management models and flawed derivative instruments.Quote from GermanTrader:
He is lying. People in money and power are rarely shocked, and never shocked about money. Lying is politics, and he is a politician. Whodathunkit.
Unfortunately, many of you will just never GET IT!!! Quote from AMT4SWA:
CORRECT....greenspan carried out EXACTLY what the globalist wealth entities wanted as described in their own documents.
Quote from Pa(b)st Prime:
2. To hear people who applaud Bernanke's rate cuts now bemoan Greenspan's rate cuts is RIDICULOUSLY DISINGENUOUS. Think this economy sucks? The post tech collapse, post 9/11 economy SUCKED WORSE. If anything Greenspan was TOO RESTRICTIVE the last half of 2000. By 2003 he was RAISING rates-he raised them FOURTEEN TIMES before he left the Fed in 2006.
Quote from Pa(b)st Prime:
3. No one has the BALLS to mention the REAL elephant in the room. It's FDIC insurance. If you owned a bank and sent your depositors a memo last year saying, "housing loans are risky, buying securities could be fatal so instead we're buying Treasuries, hence our offered CD rate will be LOWER than anyone else's." What do you MORONS think the response would be from your depositors? They'd tell you to F...off. They'd say, "My deposit is INSURED, I don't care about the risk your institution takes. That's YOUR problem. I WANT MY YIELD! Or I'll place my account at Citi."
Quote from Daal:
Those who blame greenspan have yet to explain how low fed funds propped up housing in sweden.
Plus they are the same people who would claim greenspan was 'out of touch' 'behind the curve' after consumer sentiment tanked following 9/11 if he had not eased
Quote from GermanTrader:
Before Greenspan got in with thsoe in money and power, he made some estute observations on economies in general, namely that the gold standard was preferrable to Fed fiat money.