Icon Edit: Re: Meltdown in US finance system pummels stock market
G
Green Mtn (view)

My Dear Mr 405

To tell you the truth I don't know if it is interesting or predictable or what.

I gotta tell ya, the effect he has on me ain't calming.

All I know is he, and what he represents, pisses me off! AND, it's going to take something of a supernatural nature to stop the inevitable. And by the way Mr Greenspan, we are facing a DEPRession, not a RESession

This is the same guy who a few months ago was telling 6 middle eastern oil producing countries that his best advice was that they abandon the dollar as their peg and form their own currency.

I may not be formally educated but I know he's a traitor to this nation. But then, there's no shortage of 'em these days.

sorry, I'll contain myself before I go into a ragin'rant.

Added: What I should have said above: Mr Greenspan and his cohorts knew full well(given time and opportunity(changing the rules thereby sanctioning creative(sic) financing)) that "irrational exuberance" was sure to follow.

A quote: Without a hint of self-parody, Greenspan himself provided guidance to interpreting his pronouncements. ÒI know you believe you understand what you think I said, but I am not sure you realize that what you heard is not what I meant,Ó the Maestro once offered as explanation. He further clarified his position with unusual directness. ÒIf I have made myself clear then you have misunderstood me.Ó (David James ÒWotÕs all this then, Alan?Ó (10-16 July 2003) BRW) - http://www.wilmott.com/blogs/satyajitdas/index.cfm/2006/5/24/Fear-and-Loathing--WMD- or-What-are-Derivatives

Btw: could someone define derivatives? Please!
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“Restriction of free thought and free speech is the most dangerous of all subversions.” Wm O. Douglas
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