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To: MythMan who wrote (11962)	11/30/1998 1:39:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 86076

I feel his pain! wellengaged.com ------------------------ #21 of 39: Reggie Giannitti Tue 20 Oct '98 (09:16 AM) January, 1973. Two days into a vicious bear market. Ten years before the DJIA regains its level. And Alan Greenspan tells the NY Times... "It is very rare that you can be as unqualifiedly bullish as you can now." The man is a buffoon. He doesn't "obfuscate", he speaks poorly. He failed to notice the '91 recession three months into it. He helped bail out the idiots who loaned to Mexico in '95. He helped bail out the savings and loan sleazeballs in the early 90s. He helped bail out Fed cronies in and behind LTCM. He has tossed moral hazard to the wind. He's arrogant, without any reason to be arrogant. He failed to scream from his post the dangers of massive public debt. He failed to scream about the dangers of massive private debt. The only thing he ever warned about is the biggest stock mania ever. Yet he did nothing to stop it. In fact, his actions encouraged it. He told Congress that "emotion" is hurting "normal market functioning" thus betraying his simple-minded conception of markets. He has sacrificed the future for the present. He is only now realizing that old problems persist. That, in fact, they grow. Too big for the feeble bureaucrat, Ayn Rand acolyte Greenspan... He will shortly be excoriated. Which, in truth, is unfair. ------------------ Perhaps this guy's job is on the line so he wants the Feds to put everyone else's job on the line too. (See his affiliation. Kind of make you believe he is very objective, doesn't it? -g- #34 of 39: Greg Astorian Thu 19 Nov '98 (08:24 AM) If the Fed easing was supposed to help eliminate the credit crunch, it has'nt. In the field of Commercial Real Estate Lending, conduits are pretty much out and the Lenders that are lending are coming up with rediculous reserve requirements and covenants that make the borrowing impossible. I beleive to eliminate the credit crunch, the cuts should have gone further. Greg Astorian Senior Vice President RE/MAX Commercial