Alan Greenspan — Economic War Criminal?
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September 16, 2008 · Filed Under Politics, Money and Markets · 1 Comment
There should be no mercy for Alan Greenspan for his role as chief architect in this historic collapse . He should never be able to show his face in public again without being verbally attacked, and ridiculed by both the public, and the press.
Greenspan’s crimes against the people go back to the S&L crisis…
He has been a shill for the puppeteers since the mid-1980’s.
He wrote reports to the the congressional oversight committee for Charles Keating in 1985 which proclaimed that Keating’s Lincoln Savings & Loan was quote:
“a financially strong institution that presents no foreseeable risk to depositors or the government.”
Greenspan also wrote similar favorable reports for other banks that also soon failed.
His fingerprints are on every single financial crisis and boom to bust bubble since the S&L crisis, including the one we are witnessing today.
Here’s a clip from the New York Times archives noting his involvement in trying to shill for failing banks in the S&L crisis.
query.nytimes.com…
How was he rewarded for that?
By being appointed to the Fed.
Where he created one boom to bust bubble after another.
From his irrational exuberance speech in 1996:
“How do we know when irrational exuberance has unduly escalated asset values which then become the subject of unexpected and prolonged contractions as they have in Japan over the past decade. And how do we factor that assessment into monetary policy? We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs, and price stability. Indeed, the sharp stock market break of 1987 had few negative consequences for the economy. But we should not underestimate or become complacent about the complexity of the interactions of asset markets and the economy.”
From the S&L Crisis, to the Tech & Internet Nasdaq wreck, to the housing, credit & derivatives boom, bubble, and bust, resulting in today’s collapse of the broker dealers and the end of Wall Street as we now know it.
Maestro, or Modern Day Economic Machiavelli?
By any name… just another shill and power hungry whore for the high & mighty.
There should be an uprising among both the public and the press to make sure Greenspan’s legacy takes the full brunt of this collapse.
S.O.T.B.
PS:
For anyone who has not read – “None Dare Call it Conspiracy“
I would most humbly implore you to now do so, because it will
explain why, how, and what just happened… and why this will
not be the last time… and why the next time… will make
George Orwell’s 1984 as thinkable, and as probable as
what we are witnessing today.
You will find a link to where you can read the online book here
in this post below:
Message 24839597
While never ending inflation has always been part & parcel of
the modus operandi of the puppeteers, it is deflation that has always
been their “Shock & Awe” transfer of wealth, weapon of choice.
I tried to warn people that this was so.
Read “None Dare Call it Conspiracy” & “Empire of Debt.”
Then make sure all your friends, co-workers, and your
children read it.
Explain to your children, and grandchildren what just happened
and why… so that they stand of chance of protecting themselves
in the future.
You can find “Empire of Debt” here on Amazon:
amazon.com….
Or, you can buy a used copy on Ebay. |
