This nutcase is all over different boards with this nonsense;
messages.yahoo.com
if you believe Greenspan abused his power, then please e-mail a letter similar to the
listed below to your US Senators;
Senator ,
With over 50% of Americans with money in Securities, mostly their retirement
IRA/401K.
I believe, as many Analyst, that Mr. Alan Greenspan, had used his Position &
Office to conduct a personal vendatta against the Securities Industry, and
should be investigate for Abuse of Power. What is just an disturbing, it
appears that the President, Congress & the News Media are all afraid of this
Man, as an appointed person, in a powerful position, making questionable
decisions, he refuses to be interviewed unless the questions are
pre-screened. (Mr Sumner & Mr. O'Neil are interviewed, as you also are open
to being interviewed)
Consider:
(1) One year ago , when all Government statistics showed no signs of
inflation, he raised interest rate "for preemptive reasons".
(2) A month later, still no Government Statistics showing any signs of
inflation, rates were raised again, this time "Wealth Effect" (May I remind
you most of the money was in IRAs & 401Ks, which are not marginable & can't
be taken out without a penalty)
(3) Now, a year later, with real signs of a recession, real people losing
their jobs, retirement money down approx 50%, theres no aggressive
"preemptive move", no concern about a "Poor Effect".
It's not Mr. Greenspan's position to put a ceiling on security prices, in
a free and open market, prices adjust by themselves, and the same should be
true of interest rates.
Please investigate Mr. Alan Greenspan, at at least, see to it that all
appointed position be available to be interviewed by a free press.
ps...over the weekend, Mr. John Chambers, CEO of Cisco, stated he believed
the slowdown would get worse & spread to overseas, if the U.S..Government
didn't act quickly. |
