Alan Greenspan MUST GO: Message Board

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Pastimes : Alan Greenspan MUST GO:

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To: Master (Hijacked) who wrote (13)	5/24/2000 10:22:00 AM
From: Joe S Pack	Read Replies (1) of 494

I think the main reason for this recent bubble (since 1998 rate cuts) was due to Greenspan. Why he cut interest rates three times? The actual reason is he wanted to save the idiotic and stupid hedge fund bettings made by Noble Prized idiots who managed wealthy Greenspan's friends and to save some banks. But the mass media and cronies of Greenspan fooled the public crying that Russia and Asian crisis could derail financial stability of our institutions, which IMHO is a total BS. So he created this bubble and realized that it got out of his hand and without any solid data now he is trying to bring it back. Even if he raises interest rates he does n't have control over oil cartels and they are not going to bring the price down as US has gotten addicted to driving big gas drinkers. I think his moves will back fire and eventually retire him. I think people and mass media give more credits to Greenspan than he actually deserves. This boom is mainly due to technological changes, especially internet, communications, semiconductor and software and less to do with FED's monitory policies. -Nat

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