Greenspan: "We've Already Seen The Bottom" In Recession

[blacken700]

[Kazan]

And the top of the depression

[Soul Crusher]

Ha!!!!!!!!!!!!!!!!!!!!!!!!!

This is the architect of the the housing disaster and easy money policies and you have the balls to post this???

Greenspan should be locked up, not put on a video on this site.   

[GigantorX]

Not a good way to start the day 'blacken700'.

Greenspans dirty fingerprints are all over this current disaster as well as the dot.com bubble.

[Bindare_Dundat]

hahahahahahahahahahahaha hahahah

PLEASE don't tell me you believe this scumbag.

I needed that laugh, unfortunately rage follows soon after.

He's like Paulson, a lot of talk but it means absolutely shiiiiit!

[240 is Back]

well, I would never claim to know more about the economy than a man like Greenspan. 



So I think we're gonna have to roll with him on this one.

[Soul Crusher]

240 - Greenspan created the housing mess and now you say we should still follow him after he already once sent us over a cliff? 

You guys are just too much.  No wonder we have Obama as president with "thinking" like this.   

[240 is Back]

240 - Greenspan created the housing mess and now you say we should still follow him after he already once sent us over a cliff? 

You guys are just too much.  No wonder we have Obama as president with "thinking" like this.  

i think ya missed the sarcasm in my post

[blacken700]

Congress has to take more than it’s fair share of the blame for at best blindly ignoring problems in the housing market and at worst actively encouraging reckless policies.

Without Greenspan, they might not have been able to take advantage of the situation in order to implement “affordable housing” for all, but only they can be held accountable for their actions. Alan Greenspan didn’t hold a gun to their head and tell them that they had to enact destructive policies “or else.” So allowing members of Congress to point their fingers at anybody else is inexcusable.

Equally at fault are the people who then went and took advantage of the system laid out before them. Who spends hundreds of thousands of money that they don’t have without doing proper research into it?

There’s an easy answer to that,  people who were either too lazy or too trusting to look into the details. And one way or the other, it was irresponsible and foolish to bite off more than they could chew. They can only blame themselves for the predicaments they’re in now. Congress didn’t twist their arm anymore than Alan Greenspan did.

[GigantorX]

Congress has to take more than it’s fair share of the blame for at best blindly ignoring problems in the housing market and at worst actively encouraging reckless policies.

Without Greenspan, they might not have been able to take advantage of the situation in order to implement “affordable housing” for all, but only they can be held accountable for their actions. Alan Greenspan didn’t hold a gun to their head and tell them that they had to enact destructive policies “or else.” So allowing members of Congress to point their fingers at anybody else is inexcusable.

Equally at fault are the people who then went and took advantage of the system laid out before them. Who spends hundreds of thousands of money that they don’t have without doing proper research into it?

There’s an easy answer to that,  people who were either too lazy or too trusting to look into the details. And one way or the other, it was irresponsible and foolish to bite off more than they could chew. They can only blame themselves for the predicaments they’re in now. Congress didn’t twist their arm anymore than Alan Greenspan did.

This may very well be your best post so far, and one which I agree with.

[Soul Crusher]

Congress has to take more than it’s fair share of the blame for at best blindly ignoring problems in the housing market and at worst actively encouraging reckless policies.

Without Greenspan, they might not have been able to take advantage of the situation in order to implement “affordable housing” for all, but only they can be held accountable for their actions. Alan Greenspan didn’t hold a gun to their head and tell them that they had to enact destructive policies “or else.” So allowing members of Congress to point their fingers at anybody else is inexcusable.

Equally at fault are the people who then went and took advantage of the system laid out before them. Who spends hundreds of thousands of money that they don’t have without doing proper research into it?

There’s an easy answer to that,  people who were either too lazy or too trusting to look into the details. And one way or the other, it was irresponsible and foolish to bite off more than they could chew. They can only blame themselves for the predicaments they’re in now. Congress didn’t twist their arm anymore than Alan Greenspan did.

Great post, however, as Peter Schiff says, the government was the bartender serving endless drinks.

These people got scammed into buying into the "American Dream" and were not thinking correctly.  Its sad, but the money and cheap loans should never have been available in the first place.   

[Soul Crusher]

well, I would never claim to know more about the economy than a man like Greenspan. 



So I think we're gonna have to roll with him on this one.

do you take back your comment? 

[240 is Back]

do you take back your comment? 

again, did you not see the LMAO comment, then my point that you must have missed the sarcasm in my post?

LOL!

(to explain it a second time - I think greenspan is so full of shit its unbelievable, hence my agreeing with him, leaving a big space, then laughing my ass off.)

[Soul Crusher]

again, did you not see the LMAO comment, then my point that you must have missed the sarcasm in my post?

LOL!

(to explain it a second time - I think greenspan is so full of shit its unbelievable, hence my agreeing with him, leaving a big space, then laughing my ass off.)

hhhaaaaaaaa - I missed that.  My bad.          

[Neurotoxin]

Congress has to take more than it’s fair share of the blame for at best blindly ignoring problems in the housing market and at worst actively encouraging reckless policies.

Without Greenspan, they might not have been able to take advantage of the situation in order to implement “affordable housing” for all, but only they can be held accountable for their actions. Alan Greenspan didn’t hold a gun to their head and tell them that they had to enact destructive policies “or else.” So allowing members of Congress to point their fingers at anybody else is inexcusable.

Equally at fault are the people who then went and took advantage of the system laid out before them. Who spends hundreds of thousands of money that they don’t have without doing proper research into it?

There’s an easy answer to that,  people who were either too lazy or too trusting to look into the details. And one way or the other, it was irresponsible and foolish to bite off more than they could chew. They can only blame themselves for the predicaments they’re in now. Congress didn’t twist their arm anymore than Alan Greenspan did.

good post blacken.




-NT approved! 

[Soul Crusher]

good post blacken.




-NT approved! 

Ask him where he stole it from? 

[240 is Back]

hhhaaaaaaaa - I missed that.  My bad.          

[tonymctones]

Congress has to take more than it’s fair share of the blame for at best blindly ignoring problems in the housing market and at worst actively encouraging reckless policies.

Without Greenspan, they might not have been able to take advantage of the situation in order to implement “affordable housing” for all, but only they can be held accountable for their actions. Alan Greenspan didn’t hold a gun to their head and tell them that they had to enact destructive policies “or else.” So allowing members of Congress to point their fingers at anybody else is inexcusable.

Equally at fault are the people who then went and took advantage of the system laid out before them. Who spends hundreds of thousands of money that they don’t have without doing proper research into it?

There’s an easy answer to that,  people who were either too lazy or too trusting to look into the details. And one way or the other, it was irresponsible and foolish to bite off more than they could chew. They can only blame themselves for the predicaments they’re in now. Congress didn’t twist their arm anymore than Alan Greenspan did.

LOL blacken starting to sound like a conservative here 

[tonymctones]

look for round 2 of quantitative easing when the FOMC meets again in november...lol yeaaaa were doing just fine

[Hugo Chavez]

greenspan is purely talking about for the corporations not the people and in that area he's probably right.  He doesn't see anything else.  For people like greenspan, the citizens are the corporations and the rest of you all are just squatters that don't matter.  They were not kidding when these same people a year ago said this would be a jobless recovery.

[Soul Crusher]

Here is where Blacken stole the paragraph from without attribution:

http://www.istockanalyst.com/article/viewarticle/articleid/3112440

[tonymctones]

Here is where Blacken stole the paragraph from without attribution:

http://www.istockanalyst.com/article/viewarticle/articleid/3112440

LMFAO seriously?

blacken you pos you should get put in time out for this shit 

[Soul Crusher]

Don’t Blame Me, ‘Cause Alan Greenspan Started It!
By: Smart Profits Report   Thursday, March 12, 2009 1:47 PM
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According to one MSN Money blogger, we’re still debating who’s to blame for the economic mess we’re in. Mr. Anthony Mirhaydari makes the case that there’s a single person to blame for the housing bubble: Alan Greenspan.

Mirhaydari makes a decent case against the former Fed chief, citing that Greenspan “preferred to focus on short-term interest rates… and largely ignored the growth in the money supply as irrelevant.” Considering the here-and-now while simultaneously ignoring the future is never a good model to adhere to, if that is indeed what Greenspan was doing. And regardless of whether the case is stronger for or against the man, it is true that his policies when combined with others enacted at the same time made for a dangerous mix.

But that’s just the point… It was a mix as in more than one element - or in this case person - involved. Though it isn’t getting nearly enough focus, Congress has to take more than it’s fair share of the blame for at best blindly ignoring problems in the housing market and at worst actively encouraging reckless policies.

Without Greenspan, they might not have been able to take advantage of the situation in order to implement “affordable housing” for all, but only they can be held accountable for their actions. Alan Greenspan didn’t hold a gun to their head and tell them that they had to enact destructive policies “or else.” So allowing members of Congress to point their fingers at anybody else is inexcusable.

Equally inexcusable are the citizens who then went and took advantage of the system laid out before them. Who spends hundreds of thousands of money that they don’t have without doing proper research into it?

There’s an easy answer to that, though it’s hardly flattering: people who were either too lazy or too trusting to look into the details. And one way or the other, it was irresponsible and foolish to bite off more than they could chew. They can only blame themselves for the predicaments they’re in now. Congress didn’t twist their arm anymore than Alan Greenspan did.

Of course there are other groups that can be targeted who either directly assisted in creating the housing bubble, or through action or inaction, made it worse: presidents, foreign countries, individuals within the government or in the private sector. But my larger point is that there’s a lot of blame to go around, and it’s time that people start accepting some of it like mature adults instead of resorting to the same old arguments of “But he started it!” they were using back in grade school.

 

Thursday, March 12, 2009 - by Jeannette Di Louie, Assistant Editor, Mt. Vernon Research

[Soul Crusher]

blacken  -  owned 

[24KT]

LOL blacken starting to sound like a conservative here 

In this day and age, ...how can you not?