Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Forrest who wrote (55069)	9/7/2001 3:12:59 PM
From: kvkkc1	Respond to of 77397

If anyone is surprised that Greenspan is clueless, they must have had their head buried in the sand the last few years.knc

To: Ed Forrest who wrote (55069)	9/7/2001 3:59:06 PM
From: RetiredNow	Read Replies (3) \| Respond to of 77397

Shit, Ed, we all know that Greenspan did a very idiotic thing by specifically targetting the stock market for implosion, with all his rhetoric about "irrational exuberance" and "wealth effect", blah blah blah. He aimed, fired, and killed the bull. I would bet my last nickel that had he not done so, many of these companies going bankrupt today, would have made it through to see a profit. Many very good companies are going bankrupt since they ran out of funding, thanks to the capital crunch he created. Take Metricom, for instance. Anyone who has used this wireless service for their laptops loved it. But they are gone now, because they didn't get the lifeline to reach economies of scale. Your Darwinists would say, "So be it. Only the Strong survive. The market creates and the market destroys." I say, "Yes, but the government should not be an element in their destruction. Let the market fell companies, not the government." Greenspan needs to be ousted. How the hell is it that he has managed to hold onto his job through this fiasco. What an unbelievable joke. He basically pissed on the lives of millions of Americans in his quest for vainglory. Well, he has it now and we paid for it in sweat and tears.