GreenSpan Brothel: Market Collapsed Due To Greenspan's Libertarian Ideology Keynesianism Confidence

[OCCatholicDude]

Before along time ago yes, Greenspan once believed in free market capitalism... but as the Fed Chair he was following Keynesian SociaLism

[LUVallova]

Greenspan was a Keynesian economist.

I like to refer to him as a weak, fair weather Charlie that

did everything contrary to his beliefs of years before his tenure and

later rebutted his own policies.

This video is deliberate Libertarian slander in the exact opposite direction of the truth. Good luck with that Karma of yours.

[rightarmofwyoming]

WTF?

[akwalls]

Greenspan? Libertarian? Ha that's the best one i've heard in a long time...oh wait you was being serious? did you mean to say neocon?

[LiberalVichy]

Greenspan was about as 'libertarian' as Mussolini.

[artyphax]

The crisis is primarily about the bundling of subprime mortgages and selling them as securities to financial institutions around the world. Any idiot should have known the housing bubble would burst. What surprised them was the speed, which was brought on by high gasoline prices, which was caused by Bush's huge government debt and the subsequent devaluation of the dollar.

[tannim123]

The fact is that the housing problems were from a LACK of holding people responsible for making good loans and paying them. Since libertarianism advocates personal responsibility in the strongest manner possible, to blame this mess of Greenspan on libertarianism is just foolish. If anything, the hyper-liquid credit problem was ANTI-libertarian!

[TYX91101]

Classic case of egomaniacs believing that they could create a perpetual money machine. I'll never forget the total arrogance of the Wall Streeters in the late 90's. Fools.

[bn6658]

Greenspan was Keynesian wasn't he?

Libertarian is far from what Greenspan did during his time. Please study how people walk the walk and forget the talk.

He was head of the Fed for a start. Doesn't look very libertarian to me!

[Dubeyest]

How can anyone claim that we have a free market without free currency?

[TimeWarp66]

Thank you!

[sprax3]

you can't blame free markets for this collapse it is the fault of goverment getting involved by have fha loans or encouraging banks to give loans to people with a bad credit. Yes people need homes but whats better giving a home with a high interest rate or letting them fix their own credit score and get a lower rate.. think about it.

[gladiadorextremo]

fuck that neo con greenspan he is a lier and he cause this shit with his illegal federal reserve mullies

[austinisi]

greenspan, a neocon? you obviously don't know what you're talking about.

[gladiadorextremo]

well whats a neo con then ? cause i assosiated with those assholes that are helping turn this world into a one world government.

[BostonMA1979]

Neo Cons are democrats or republicans that have very hawkish foreign policy views and unrelenting support for israel. They are not, in any way, conservatives. They like big government and empire building. They may be right also, which is scary. goog irving kristol and you will get the idea.

[jjenson2006]

Foreclosure really isn't a problem for the mortgage holders. They are better off walking away from it since the house is worth less than the mortgage; it's the lenders problem.

A mortgage is a private contract between two parties. It has nothing to do with the government. If the lender made the foolish mistake of giving the borrower too big of a mortgage without enough collateral, it is their loss.

If you lend a bum $100k and he doesn't pay you back, whose fault is it?

[housebrand]

"The crisis WAS BASICALLY (I hate "was basically") result of decline in prices of homes." -I feel decline in prices was the inevitable result of surplus created by low interest rates, and "urban engineering" which revolved around converting renters into homeowners. Individual cities didn't mind the increased revenue from property taxes either.

[housebrand]

Further speculation: there was so much of the above suggested "garbage" that it was also inevitable that someone would figure out how to put it in a box and sell it. Life gives you lemons, make lemonade. lots of it!

[sprax3]

you are correct; it is due to fall in prices but the problem started because people were buying houses that were to inflated and now that the market adjusted or the bubble burst and what the fed is trying to do is inflate our currency to rise the prices of home.

[overmind25]

I am glad someone is not buying the regulation bullshit.