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Pastimes : Alan Greenspan MUST GO: -- Ignore unavailable to you. Want to Upgrade?

To: wdlngduc who wrote (482)	5/23/2003 9:23:10 PM
From: Bandit19	Respond to of 494

wdlngduc, That was a great post...thanks. I would love to see an in depth study on why this 'man' has so much respect and clout. Is it him or the position? Are our elected officials that inept that they can be fooled by this master of bullshit? They used to hunt down and hang people in Europe for doing half of what this thing has done. I really think we are in a classic catch 22 situation. The economy won't recover until he's gone....but the powerful will keep him around long enough until hopefully the economy turns around...so he can save face. You know his ego demands that he goes out it good grace. Hopefully, someday a truthful history will be written to show what we have had to live through.

To: wdlngduc who wrote (482)	5/31/2003 1:20:29 AM
From: JJL (Hijacked)	Read Replies (1) \| Respond to of 494

Unfortunately, it is way too late for the average joe. Joe investor's retirement fund is gone, long gone! It will be a decade or two before stocks return to new highs. One only needs to look at the markets in Japan. It's been over a decade and stocks are still a fraction of what they once were. Will I get back in the markets any time soon? No Sir! The memories of the scams, the bull, the manipulation, the media hypes and the outright accounting frauds are still too fresh in my mind for me to jump back in. Like myself, there are likely millions of other investors who feel the same way. Is Greenspan solely to blame? Maybe not. But he certainly was there with needle in hand poking at the thin-skinned bubble when it exploded. IMO, a man in his position should have known the impact his speech would have had. Yet he'll likely get many other awards before his tenure comes to an end, while the rest of us got the big stiff.