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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (70855)12/29/2008 2:49:01 PM
From: Sam4 Recommendations  Read Replies (1) | Respond to of 74559
 
Blaming Alan Green$pan is like blaming a neighbourhood pusher for a heroin habit, the local bar for an alcohol addiction, tobacco companies for a choice to smoke, a golf course for a fanatical desire to break 100, 90, 80, 70, a television set for causing square eye balls, a doughnut maker for ones diabetes, heart disease and obesity.

Unlike the rest of them, Alan Green$pan's product was an essential part of life = the means of exchange.

Blaming him is ridiculous. Pathetic. Childish. Spoiled brat syndrome. Deadbeat debtors should consider themselves lucky they just go bankrupt instead of being flogged and left in stocks for weeks in the village square.

I agree with C2 on this. The difference between AG and the neighborhood pusher aside from legality is that AG had the legal tools (along with the Bush administration) and the bully pulpit to actually do something about the bubble. I would add he had the responsibility to do something, but you and other fellow libertarians would likely disagree with that. The pusher is what he is, a lowlife preying on others' weakness or an addict himself. AG was supposed to be different by virtue of his position. He wasn't doing the job he was hired to do, broadly speaking maintaining the basic integrity of the financial system.