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To: DebtBomb who wrote (159279)	10/23/2008 9:58:47 AM
From: Bank Holding Company	Respond to of 306849

He's still sharp as a tack.

To: DebtBomb who wrote (159279)	10/23/2008 10:00:10 AM
From: Ken98	Read Replies (3) \| Respond to of 306849

That's bullshit. I want to see a Smackdown with Greenpuke and Doug Noland. And, furthermore, he has the cajones to blame "investors" for this mess???? <<In his testimony, Greenspan put the blame for the subprime collapse on overeager investors who did not properly take into account the threats that would be posed once home prices stopped surging upward.>> No mention of the crack dealers on Wall Street? The absentee regulators? The corrupt and inept ratings agencies?

To: DebtBomb who wrote (159279)	10/23/2008 10:05:42 AM
From: John Chen	Read Replies (1) \| Respond to of 306849

"Greenspan: 'Credit tsunami' to have severe impact". Put Greenspan ( and other similar spices ) on VIAGRA until he is recalled by God. Make sure the it is strictly administered and double-dosed.

To: DebtBomb who wrote (159279)	10/23/2008 11:33:47 AM
From: Yogizuna	Read Replies (1) \| Respond to of 306849

Of course the chief village idiot, Alan Greenspan, would not take any of the blame for our current problems. It is frightening how someone who proved to be as incompetent as he has, still seems to have his overinflated ego intact.

To: DebtBomb who wrote (159279)	10/23/2008 1:40:56 PM
From: Live2Sail	Read Replies (2) \| Respond to of 306849

I walked into the living room to see that Greenspan was blabbing on TV. I looked at my wife and said, "Are you f&*king serious?" I was incredulous that Greenspan has any credibility.

To: DebtBomb who wrote (159279)	10/24/2008 6:34:55 AM
From: Dan3	Read Replies (1) \| Respond to of 306849

Re: Greenspan: 'Credit tsunami' to have severe impact Sooner or later, some people who are capable of doing 4th grade arithmetic will get into office (maybe Obama is capable of doing "sums"). It's not a "Credit tsunami." The issue is that during the past 8 years real incomes for citizens in 90% of the western economies fell, while world population rose. Money is an abstraction for available goods and services. There was an expansion of the aggregate money supply, during the past 8 years, more than 100% of the economy's growth was diverted to a handful of politically connected people working in the corporate management and financial sectors. The economy rolled along for a while as the lucky 10% lent their winnings to the remaining 90%. The 90% have now borrowed more than they'll ever be able to pay back, and have (in many cases) begun defaulting. The current plans all call for giving even more money to the 10% to loan to the remaining 90%. "It's just a Credit tsunami." It is not a Credit tsunami / liquidity crisis, it's a debt and solvency crisis and the way to solve it is to divert some wealth and earnings away from the 10%, who already each have a dozen cars, 3 or 4 homes, etc. to the remaining 90%, who can't afford the 1 home and 2 cars they have now. Think about where the economy would be today if we'd given that $700 million that was handed to Goldman Sachs as additional stimulus rebates, instead. Remember that even a $150 million rebate to the debtors brought the economy back into growth for the quarter during which it took place, while giving $700 million to the already rich caused that money to simply vanish.