Comments on: Greenspan Defends Low Interest Rates

Former Federal Reserve Chairman Talks To Lesley Stahl About Subprime Mortgage Meltdown

[gkc99]

Greenspan was a big backer of outsourcing and globalization. He took the position that American workers could just find new jobs when their good-paying jobs were shipped to Asia. But the jobs the Americans found paid less, had fewer benefits, and they gave up their accrued seniority for vacation time, health care benefits, retirement and other benefits. All while Greenspan and his bankers made out like bandits. And now he wants to complain?

Give the guy the Colin Powell award for cowardice in office!

[leftshadow]

I thought it interesting that Leslie (and her producer) opened the second segment with a comment about Alan''s working for six US presidents and proceeded to air Alan''s comments about five; Nixon, Ford, Reagan, Carter and Bush one. Why didn''t she also include his comments on the current sitting President? Was that a condition for the interview? Alan didn''t want to say anything true/bad about W then limit his wife''s access to the White House for the next year. Sad journalism.

[rother4]

During Greenspan%u2019s tenure, America experienced the biggest stock market and real estate bubbles in history. The central bank%u2019s responses to the stock and real estate asset-priced bubbles will prove to be the biggest weakness in Mr. Greenspan%u2019s legacy. When economic historians look back to this period of time, asset-price inflation (bubbles) will be viewed as harmful as conventional inflation, detectable with 1990%u2019s tools, and more effectively managed at earlier stages of asset-price bubble formation. By deflating emerging bubbles, policy makers would minimize collateral economic damage and improve the long-run performance of our nation%u2019s economy.

[lastdance2]

Source :
The Sunday Times
(London Times)
September 16, 2007

Alan Greenspan : "Iraq War - was Really for Oil"

America''''s elder statesman of Finance, Alan Greenspan, has shaken the :
White House - By declaring that the Prime Motive for the War in Iraq was Oil.

In his long-awaited memoir, Greenspan, a Republican whose 18-year tenure as
Head of the US Federal Reserve was widely admired,

Greenspan says : %u201CI am saddened - and - It is Politically inconvenient to
Acknowledge - The Iraq War is Largely about Oil,%u201D

America have always insisted the War had nothing to do with Oil.
Bush said the aim was to disarm Iraq of - Weapons of Mass Destruction
___

What this means is : Prior to the War
The Initial Reports given by - Bush - The CIA and The FBI
Were Purposely and Intentionally - Fabricated and Fraudulent ! !

Fabricated Reports - Intentionally Delivered to - Falsely and Fraudulently - Advocate a War ! !

The FBI and the CIA have Always worked on Behalf of
the Political and Financial Objectives of : The Republican (Nazi) party

The Federal Drug Smuggling - Drug Manufacturing Operations
The Federal Drug Money Laundering Operations
Criminal Wiretaps - Criminal Surveillance Techniques
The Child - S*E*X - Slave Operations
The Political - Intimidation and Blackmail Operations
The Social Security system - Purposely Destroyed
The Education system - Intentionally Destroyed

There was a time - Treason - was a Criminal Act

Lastdance

[bryan1950]

Helpful Hint for Double-Posters:

Click that "publish" button ONLY ONE SINGLE TIME!

Yeah, I know, I know: sometimes it goes away for a little while after you click it, and nothing seems to happen, so you''re strongly tempted to click it again! But trust me on this: IT DOESN''T HELP. It doesn''t help any more than repeatedly pressing the UP or DOWN button while you''re waiting for that elevator! ;-)

[missingamerica]

Anybody touched on how the low interest rates also - if not primarily - served to give the appearance that Bush''s tax cuts did indeed stimulate the economy?

[feelfree1]

Alan Greedscam to U.S. public:

Don''t blame me for destroying your economy in order to enrich myself, and my private banker co-pirates, and to prop up the Bush-puppet!

I''m not saying that I am not responsible for it. I''m just saying DON''T BLAME ME- (suckers)!!!

[hypobob]

Like auburnwebguy, I also apologize for the multiple posts. I actually got a message that the publish button was disabled.
After a successful post, there should be a feedback message that the post was successful.

I will only click once this time.

[hypobob]

I noticed that you did not report one word about Greenspan''s comments on the Iraq War or on President Bush. You obviously know that any negative comments will probably result in White House reprisals through tax or regulatory actions.
Anyone who thinks we have freedom of the press or of expression is hopelessly naive.

[hypobob]

I noticed that you did not report one word about Greenspan''s comments on the Iraq War or on President Bush. You obviously know that any negative comments will probably result in White House reprisals through tax or regulatory actions.
Anyone who thinks we have freedom of the press or of expression is hopelessly naive.

[feelfree1]

Alan Greedscam predictably created an unsustainable super-bubble in the housing market, flooding the U.S. economy with cheap doolars, overinflating home prices, inviting lending abuses, and routing the U.S. dollar, all just to maximize the profits of himself and his private banker budies, and to prop-up the mass-murderous and illegitimate cabal.

It is impossible to believe that he was unaware of this inevitability, when so many around him have been pointing it out for years. This seems to point to the liklihood that this greedy destroyer of the U.S. economy is probably more of a liar than an idot.

[auburnwebguy]

Oh and as far as the credit problems and ARM''s; God gave people a brain. The people who fell for the ARMSCAM headr the statement "If it sounds too good to be true it usually is" and the mortgage folks who pushed them are used car salesmen.

FIX: Give the people the option of a fixed 30 year mortgage minus whatever tiny bit of equity they have in the house and the best rate then make the original lenders foot the costs of re-financing. If they stll can''t afford a home...rent. But don''t blame Greenspan.

[auburnwebguy]

Sorry for the multiple posts. CBS, work on your post feature. It''s bad.

[hypobob]

I noticed that you did not report one word about Greenspan''s comments on the Iraq War or on President Bush. You obviously know that any negative comments will probably result in White House reprisals through tax or regulatory actions.
Anyone who thinks we have freedom of the press or of expression is hopelessly naive.

[auburnwebguy]

Greenspan will be remembered in history as a great American and a great mind. Nobody''s perfect however he was an intellectual in a political world that said what he believed and believed what he said. I''m a conservative investor and entrepreneur. The fiscal policies that Mr. Greenspan helped shape and maintain are part of what has fueled the largest growth in personal income in US history.

[auburnwebguy]

Greenspan will be remembered in history as a great American and a great mind. Nobody''s perfect but he was an intellectual in a political world that said what he believed and believed what he said. I''ll buy his book tomorrow.

[auburnwebguy]

Greenspan will be remembered in history as a great American and a great mind. Nobody''s perfect but he was an intellectual in a political world that said what he believed and believed what he said. I''ll buy his book tomorrow.

[bryan1950]

Somebody else posted the following remark: "Why no comment of Carter? Could it be that CBS and LS wanted no part of denigrating a Democratic Bafoon who nearly ruined the entire country, kind-heartedly that is!"

You have the knowledge and understanding of a 12-year-old. Consult a history book to learn about things like the Arab oil embargo, which had a major impact on our economy at the time. Your blaming Carter for the condition of the economy at that time is absurd.

[kouchtater]

Ms. Stahl''s "interview" was a blot on journalism. I actually wanted to hear what Greenspan had to say, I counted 39 times that he was interupted in mid sentence by Stahl. This sounded more like a debate than an interview. Ask a question and then shut up. Controlling an interview is one thing, all of 60 Minutes personalities have been doing that well for decades. But this was blatent, high school quality, inept, and amateurish behaviour. tsk,tsk, tsk, tsk. A puff piece gone wrong at the hands of Ms. Stahl. Take a refresher course or stick to reading news. You ceratinly can''t conduct an interview. Lose the "listen to me" attitude and let the guest finish his sentences. He may actually have something to say. ...Richard/Phoenix

[jakemi6]

And I need a refresher course on this board. Apologies for the double posting:-)!