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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Snowshoe who wrote (22520)9/15/2007 6:42:19 PM
From: Slagle  Read Replies (2) | Respond to of 220163
 
Snowshoe,
"Shocked"

Now really, do you honestly believe that? Greenie was just doing his best to blow up another bubble for his bankster tribesmen and to enable a specific variety of wealth transfer. And he has been extremely effective.

Earlier in his tenure he had to be a bit more careful but at the end of the gig he knew he could get away with anything. And too, an old man can be much bolder and more ruthless than a younger man as he knows that his advanced age, one way or another, will shelter him.
Slagle



To: Snowshoe who wrote (22520)9/16/2007 12:22:49 AM
From: elmatador  Read Replies (1) | Respond to of 220163
 
He didn't talk too much and used criptic messages that why people didn't know he was senile.

I called him senile I've got a bucket full here!



To: Snowshoe who wrote (22520)9/16/2007 1:14:27 AM
From: Maurice Winn  Read Replies (1) | Respond to of 220163
 
He was right. I too was puzzled as I thought a good, long, low interest loan would be much better: <people should take advantage of ARM mortgages during a time of low interest rates.>

But in fact, most people sell houses, and pay the loans back. Meanwhile, they enjoy nice low interest rates compared with long, higher, fixed interest rates.

People who bought then, because they needed a house, and who did NOT borrow 110% on a job that is tenuous, but had a sound financial footing, and who might now have lots of investments with the savings, have done well.

They haven't paid rent. Their house is about the same value [having gone way up and now back down again].

No worries.

Mqurice



To: Snowshoe who wrote (22520)9/16/2007 6:15:08 PM
From: Cactus Jack  Read Replies (2) | Respond to of 220163
 
I suspect Greenspan has been suffering from diminished mental capacity for only the last 4-5 years or so. I was really shocked by his comment several years ago that people should take advantage of ARM mortgages during a time of low interest rates.

Do you, by chance, have a link for that "advice" that he gave? I recall that as well, but don't know where to find it now.

Thanks,

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