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To: koan who wrote (299113)12/20/2010 11:16:46 AM
From: Jim McMannisRespond to of 306849
 
The turning point for Greenspan was the backing down from the irrational exuberence comment in Dec. 1996.

en.wikipedia.org

Then he lost it completely trying to control Y2K, then 9/11. Turns out he was just a Wall Street Bankster shill in the end... that also catered to boomer greed.



To: koan who wrote (299113)12/21/2010 6:40:10 AM
From: paul61Read Replies (1) | Respond to of 306849
 
The whole world did not "fall for that". Thru political power the people that knew this was bad/wrong were sidelined and quite on purpose.



To: koan who wrote (299113)12/21/2010 12:36:34 PM
From: JBTFDRead Replies (2) | Respond to of 306849
 
Enron is the perfect example of what happens in unregulated capitalism.