Greenie must have been studying Slick. Make a mess and leave it for your successor to clean up.
Federal Reserve Chairman Alan Greenspan will announce his retirement by the end of year, administration sources have
told NewsMax.com.
Goodbye. Don't let the doorknob hit you in the butt on the way out.
David Skidmore, spokesman and liaison for the Federal Reserve Board, told NewsMax.com on Tuesday: "This story is utterly false. No conversations have occurred with the administration that would account for this [report]."
Let us hope it is true.
"Greenspan knew the economy was overheating, and he waited to the last possible moment to raise rates,” the source said, suggesting that the chairman did not want to hurt Al Gore’s chances in the 2000 election, and waited to long to put apply brakes to an economy that was racing too fast.
Reportedly, G.H.W. Bush was miffed by Greenspan’s handling of interest rates, which led to a brief economic downturn shortly before the 1992 election, when Bush lost to Clinton.
Greenie a closet Dem? Naaaaah.
Noted stock investor Sir John Templeton called the 1990s stock market run-up as "the biggest financial insanity ever in any nation in history."
Somebody else noticed, eh?
Speaking on condition of anonymity, an administration source said that Greenspan may be trying to end his public career on a "high note,” as more evidence mounts that the U.S. is teetering on the edge of a recession.
Other administration sources told NewsMax.com they have been flabbergasted to learn of how cozy the Federal Reserve chairman was with the Clinton White House and Treasury Department officials in coordinating monetary policy.
Surprised? Who's surprised? |
