Alan Greenspan conveniently blames human nature and not the fed.

Yet again its not the central banks fault, but peoples greed that caused this crisis.
Central banks cunningly know this and use it to their advantage.
At the end of the day central banks had their interest rates too low for too long and they knew the risks.

I believe the Fed like other central banks deliberately Liquor up the market with money and Wall Street was perpetually drunk on greed.
The Fed should know by now that prevention is better than cure!

Category:

Education

Tags:

• Alan
• Greenspan
• fed
• corrupt
• central
• bank
• ron
• paul
• peter
• schiff

[hotwelder2010]

Greenspan was in way too long...him and his band of deregulating demons created a huge mess...they should be held accountable.

The public and every president thought that he was some kind of Messiah. No man should be held in that high esteem

[1984socrates]

@HoosierMF true, money makes slaves out of them.

[HoosierMF]

@1984socrates Basically what I'm trying to say is that if the world economies started to grow again, no one would question why. Everyone will go back to their old reckless spending habits and it'll start all over again. No one complains about the bankers when the economy is good.

[1984socrates]

@HoosierMF i quess we are basicly one the same line with just a small different in the details.

[HoosierMF]

@1984socrates I've seen the film and it doesn't have any answers. If you learned anything from Inside Job it should be the fact that this is a failed system so it wouldn't make any difference who you took out of it.

Greenspan IS right because people are too stupid to realize how the world is run. All they have to do is create another fake bubble and the greedy idiot public will do the rest.

[1984socrates]

@HoosierMF i never used the word "gun", Apart from that you should take the comparison not so literally. How about you watch the movie "inside job" first, before you reply again cause then you might understand what i mean, bankers own the goverment cause the are the goverment!

[HoosierMF]

@1984socrates So bankers put a gun to every politician's head and forced them all into corruption? Yeah, right. The "too big to fail" argument is pure bullshit. Pumping money into failed companies didn't work in Japan and it's not going to work now. All societies problems are caused by the GOVERNMENT and the brain-dead people who believe everything they are told. The bankers can only do what they do because governments let them do it.

[1984socrates]

@HoosierMF you are right, but who runs the goverment? that's right, bankers!

They filled their pockets and then bush and probably also obama gave them a job in the white house.

The man you are looking at right now - alan greenspan - is one of the butholes that started this economic failure and pro deragulation .you said greenspan is right.. . .that's like, raping a women give her aids and then blaim the women that she should have had safe sex.

[HoosierMF]

@1984socrates I'm not defending him. But you should never trust a banker and if you lose out it's your own fault. It's not like there aren't any risks involved is it? The real criminals are the governments across the world who allow bankers to do what they want and make taxpayers pay for their mistakes.

[1984socrates]

@HoosierMF greenspan is right? How on earth can you defend a guy like him?

Yeah you are right when you say that people shouldn;t buy a house that's way to expensive. . BUT

That's not really what happend, you see, These bankers lied about what they sold to people, They didn;t say you are buying garbish. They didn't play fair and these people trusted these bankers.

You just don;t want to see the whole picture do you? I bet you are a republikan!