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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Skeeter Bug who wrote (233868)12/21/2009 1:55:17 PM
From: grusumRead Replies (1) of 306849
 
SB: "we are beyond the point where intentions even matter."

my whole point from the beginning was that intentions don't matter. what matters is consequences, intended or unintended.

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SB: "all we know is that their actions are 100% consistent with protecting banks and a ponzi monetary system with SEVERE fall out for the real economy."

at the moment we are only discussing greenspan.

your statement above is neither true nor logical at the time when greenspan first lowered rates. the banks weren't in any trouble back then. there were no bailouts either. greenspan was 'tweaking' interest rates to try to avoid a perceived coming recession. he pretended he knew what was coming and thought he could avoid it. he wasn't trying to save anything but the economy at the time. as i said, he was a fool but i don't think his intent was bad. bernanke is another matter entirely. he's trying to save the banks at the expense of everything and everyone else. i'm not trying to defend either of them. i'm just trying to look at it objectively so i can have a better idea about what is happening.

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SB: "you can believe that is just happenstance, but the destruction has already occurred and will continue to occur."

i've never claimed anything was happenstance. and i don't deny what is occurring.

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SB: "even if they aren't criminals to the state as i assert, one would do well to treat them as criminals of the state b/c that is how they *act*."

i agree that they all should be accountable. people in those positions are expected to make the right decisions and they didn't. and that includes greenspan.
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