What is Greenspan suggesting?

July 9th, 2011, 01:56 PM

Turtrend

Lastly, this documentary looks really interesting. (Although, I'm sure painful to watch)

we agree I would say... I will take a look at the documentary... I am all for learning and expanding my views... not familiar with canada banking... but honestly, I dont think any fiat banking system is safe from failure.. I do believe that their regulation plus the possible fact that in canada to get a mortgage is not so easy and the terms are completely different, helped them out a lot... I dont know if they bought some of the CDO from the US..or anything else.. so I cant really offer an informed opinion on CAnada..

July 9th, 2011, 02:14 PM

sysot1t

that idiot is still one of the greatest macro economist minds out there and certainly, unless you actually hold a phd, a lot smarter than most....

further, he is correct... all that QE1/2 did was buy our own debt.. so in one hand we issue debt, and with the other one we bought it back and also bought back all the short term the chinese sold us that we had sold them... futhermore; EMEA region, makes up as he states a significant portion of intl conglomerates profits.. only thing is that those profits usually dont make it back home and cant be taxed anyhow... but the point is that any drop on those earnings will impact the sheets of the us counterparts...

he might have screwed up a few things, but he also did right a lot of things... so lets not label a guy that has shaped more than most of us ever will.

it was a over the top comment truely...for he is not a true fool if one holds a Phd? Hardly.

The Hud fiasco is another that is going to go down in the annuals, as i recall he had a part in it.

Give him credit for the tech bubble....exubrance is not the word.....sheer greed and ignorance?

When the blind are leading the blind,its a free for all.

ANother million homes are/is going into foreclosure in the coming months....which one has to throw equal blame at...The general public!!!

So its not all his fault,its EVERYONES fault.

ps dont want to talk about banks.Also one does not need to hold a high office or have a phd to have a opinion does one? To be a armchair QB is a good thing.

July 9th, 2011, 02:17 PM

Turtrend

Before you give Greenspan and the rest of his 'philosopher king' buddies too much credit, I suggest you watch INSIDE JOB.

Lets face it. Those that should have been more responsible 'dropped the ball' and now many 'regular folk' are going to pay for those mistakes (perhaps for a long time.....).

Making backseat driver comments at this point, can't help those at the helm trying to straighten things out.

Philsopher king? thats Obama...the Professor. When he is done,he is going to make Jimmy Carter look like Roosevelt/JFK/Lincoln.

What is Greenspan suggesting?

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What is Greenspan suggesting?