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

To: philv who wrote (52495)	7/18/2009 7:10:33 PM
From: Maurice Winn	2 Recommendations Read Replies (2) \| Respond to of 217865

Let's see if you know what you are talking about. Without asking Bing, Google etc, just from your own knowledge, please write what Alan's "admitted mistakes" were and how "his model was flawed". Judging by what you wrote, you can't. You writing < Greenscam is not without blame. Au contraire, he presided over the bubbles that he created with his reckless interest rate policies, and his insistence that oversight and regulation was not welcome. How can anyone argue otherwise? He admitted his mistakes, saying his model was flawed. > shows you don't know what he said. He didn't "preside over bubbles that he created with his reckless interest rate policies". He presided over monetary policy. He didn't decide how much somebody paid for a house in 2006 using borrowed money. He decided short term interest rates. People decided for themselves how much to borrow and how much to lend and how secure their positions were. It was obvious to casual observers way back in 2005 that house prices were stupidly high. Mqurice