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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (4720)1/10/2009 10:58:20 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 103300
 
"taking away the punch bowl" is ALWAYS the last thing that most politicians will want to do...

I don't care about what politicians want or don't want...

Watch the national debt grow...

zfacts.com;

GZ



To: DuckTapeSunroof who wrote (4720)1/10/2009 1:31:55 PM
From: Kenneth E. Phillipps  Read Replies (2) | Respond to of 103300
 
Taking away the punch bowl is something which Greenspan should have done but didn't do. Allowing the Fed Funds rate to remain at 1% or close to 1% for an extended period of time certainly was a major factor in causing the mortgage crisis. The failure to regulate by the Fed and SEC were also major factors.


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