The problem isn't that we had the wrong people in charge of the bailouts - the problem IS the bailouts. No bank should be bailed out, only the deposit holders.
Um, Joseph Stiglitz was vocally opposed to the policies of Greenspan, Summers, Rubin, etc. going back to the mid-90s. He was constantly banging heads with Summers while he worked with the Treasury. In fact, he suspects that it was Summers that got him fired from the World Bank.
Oh, and don't forget about Stiglitz' annual meetings with Krugman, Shiller, etc. to discuss their pessimism about the economy and the housing bubble well before the collapse.
The Federal Reserve needs to be ended. It is corrupt and its powers given back to the Treasury.
It should never have been started, its un-Constitutional. It was supposedly started to stop economic crashes...16 years after it was started America got the Great Depression. It is a failure end it now.
hey joe,,,,,,,where was your smart guy mouth and brain when your buddy al greenspan went on his reign of insanity rates cuts beginning in 01-04,,,,,,you and your wall street and bond market buddies were lovin it,,,,,,are you smart enough to know what it is doing to mainstreeters, widows and orphans,,,,,but you'll say anything to sell a contrarian book,,,,,,,,schmuck!
The problem isn't that we had the wrong people in charge of the bailouts - the problem IS the bailouts. No bank should be bailed out, only the deposit holders.
LibertyDownUnder 1 year ago
@Zeldovich
Don't a lot of Italian girls from Brooklyn wear their make up like that?
CrowdPleeza 1 year ago
racoon-carp
TwoGiantLeftFeet 1 year ago
Maria looks like a racoon, with her fat eyeliner.
Zeldovich 1 year ago
@ERROLCUSTERFLYNN4EVR
Um, Joseph Stiglitz was vocally opposed to the policies of Greenspan, Summers, Rubin, etc. going back to the mid-90s. He was constantly banging heads with Summers while he worked with the Treasury. In fact, he suspects that it was Summers that got him fired from the World Bank.
Oh, and don't forget about Stiglitz' annual meetings with Krugman, Shiller, etc. to discuss their pessimism about the economy and the housing bubble well before the collapse.
RationalHitman 1 year ago
The Federal Reserve needs to be ended. It is corrupt and its powers given back to the Treasury.
It should never have been started, its un-Constitutional. It was supposedly started to stop economic crashes...16 years after it was started America got the Great Depression. It is a failure end it now.
agitcam 1 year ago
hey joe,,,,,,,where was your smart guy mouth and brain when your buddy al greenspan went on his reign of insanity rates cuts beginning in 01-04,,,,,,you and your wall street and bond market buddies were lovin it,,,,,,are you smart enough to know what it is doing to mainstreeters, widows and orphans,,,,,but you'll say anything to sell a contrarian book,,,,,,,,schmuck!
ERROLCUSTERFLYNN4EVR 1 year ago