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

To: Snowshoe who wrote (22727)	9/18/2007 1:29:53 PM
From: Maurice Winn	Read Replies (3) \| Respond to of 220167

How was Uncle Al KBE supposed to FORCE people to borrow money to buy houses? I didn't. Offspring didn't. Sister-in-law did [which seemed dangerous to me]. Nobody was forced. They each looked at their financial positions and risks and housing opportunities and picked a plan of action. Sister-in-law is at risk. Others are not. Blaming our great, venerable and estimable idol for housing debt is insane. That's like blaming somebody for selling a car to a lunatic who gets pumped up on booze, hits the accelerator then hits the bridge abutment. People sell cars. People buy them and drive them. The seller is not the driver. People should take responsibility for their own decisions. By denying their own culpability, they set themselves up for their next failure, which won't be long coming. By blaming Uncle Al KBE, all they show is that they don't understand what's going on. Mqurice

To: Snowshoe who wrote (22727)	9/18/2007 5:56:55 PM
From: Slagle	Read Replies (1) \| Respond to of 220167

Snowshoe, I have watched Greenspan several times lately, most recently on 60 Minutes, and the amazing thing is that it is now possible to understand what the man is saying, now that he is in private life. In fact he is the very model of clarity and logic. Then he says in so many words that he really was spouting off gibberish when he was fed chairman. Well, I guess we really knew that anyway, or at least suspected it. The new Greenie, I like to watch because he reminds me of my favorite uncle who lived to be over 90 and was sharp as a tack till the end. Whatever you have going on with Greenspan, now or several years ago, I don't believe it was senility. Look, what has happened has been good for some, bad for others. China and other nations got rapid development and international peace has been preserved, for the most part. OTOH I think that the whole business has been bad for the USA and the other developed nations, to some extent. I wish the world was run in a different manner but who doesn't, I suppose. Slagle