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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (22330)	11/23/2004 2:38:35 PM
From: Knighty Tin	Respond to of 110194

John, he started off loosey-goosey to save the stock market after the 1987 crash. With Bush, Sr., it was more of a patriotic and intelligent President correcting the fiscal excesses of his predescessor that gently let the air out of the Reagan bubble and probably saved the US economy for a decade. Until his nutburger son took over. Greenspan was a minor supporting character under the real Bush. Under Clinton, he was given free rein to go to monetary la-la land while Rubin got our fiscal house in order. There was never going to be a soft landing for the S&L crisis no matter what anyone did. The pile of crap had grown too high and had to tip over.