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To: sea_biscuit who wrote (64607)	3/16/2007 1:50:40 PM
From: Elroy Jetson	Respond to of 116555

Monetarists have always believed that all problems which stem from debt can be easily solved with additional debt. Greenspan is simply carrying on in the insane path created by Milton Friedman. Milton Friedman, dead but several decades too late. .

To: sea_biscuit who wrote (64607)	3/16/2007 1:57:10 PM
From: LTK007	Read Replies (1) \| Respond to of 116555

Marc Faber, who is a quite gentile man that i never, except for Greenspan and Bernanke, have heard say harsh words. He said of Greenspan, "He is a virtual criminal lacking any moral integrity". He has said what makes Greenspan actually a criminal in Faber's mind is he KNOWS what he is doing is wrong but does it anyway to be politically pleasing and maintain power. Faber says, it is his great hope, when all this comes apart and history then looks back they will then realize Greenspan was the worst Fed Chairman in history, a man that sold his moral basis for the now knowing he was creating the foundation for disaster in the long run. Ayn Rand said of the young Greenspan that he was an extremely ambitious SOCIAL CLIMBER. He wanted power and status. Max

To: sea_biscuit who wrote (64607)	3/16/2007 3:48:49 PM
From: mishedlo	Respond to of 116555

I already did. Last nite at 3:00AM (ng) I think it is coming out on the Daily Reckoning today or whiskey & gunpowder or somewhere today. It will then be on my blog later Mish Re: BOCA RATON – Retired Federal Reserve Chairman Alan Greenspan, speaking at a Futures Industry Association annual conference here on Thursday, said the problems of the subprime mortgage market had more to do with home prices than easy credit. "If we could wave a wand and housing prices go up 10 percent, the subprime mortgage problem would disappear," he said. AAAAAARGGGGH! It is because that he did wave that wand that we are in doo-doo right now. Now he wants somebody to do it AGAIN????? Mish, this really deserves a blog from you. Don't you agree?!