alan greenspan defends himself

some say that due to greenspan's keeping interest rates too low for too long, that he paved the way for or even caused the current economic crisis facing the real estate market (which in turn directly affects the overall economy). he also stands accused of not having done more to prevent sub-prime lending, which in turn leads (and has led) to a record number of foreclosures as well as falling housing prices, and the so-called "bursting of the housing bubble". greenspan defends himself against these accusations and more in the opening segment of the 60 minute interview with lesley stahl (aired 9/16/2007)

btw- i know little to nothing about economics and lending practices. if i am stating something incorrectly above, please feel free to kindly point it out to me, and i will make a correction (when i can finally make the time). thank you.

• Category

  News & Politics

[Feralthegod]

Why is this crook not in jail?

[masotta]

Mr Greenspan,

You do not work for the American people, you never did, the world cannot trust you.

You are an “inside lobbyist” that deserve jail time.

I think now, on your retirement, it’s time for you to remain silent even if you could be ever right.

[tmokleby]

Anyways. this guy is so much smarter than Ben...

[David Korz]

Resources os the planet-controled by money and economy.

Resources of the planet are going down, crises must be created so that the same resources can last longer form the same amount of masses.Since we are going in to a new era of time and form of living noone really knows how the masses will behave with and unlimited source of energy. This is the truth you can call it iluminati,the fed reserve or my oncle.its going to be done anyway...

[EconGuru7]

lol

[illusionist11]

What the fuck is this comment.

[illusionist11]

You think you know better? You're a nobody.

[TROOPERSTEWRDR]

Alan Greenspan: We can always print more money !

[sgtsnakeeyes11]

Greenspan's rise to the top is one of the great scams of our time. His career is the perfect prism through which one can see the twofold basic deception of American politics: a system that preaches sink-or-swim laissez-faire capitalism to most but acts as a highly interventionist, bureaucratic welfare state for a select few. Alan pompously preached ruthless free-market orthodoxy while simultaneously using all the power of the state to protect his wealthy patrons from those same market forces.

[tsarelos]

The ten plagues of Pharaoh “have been brought upon” the USA.

eamb-ydrohoos.blogspot.gr/2010­­/02/ten-plagues-of-pharaoh.ht­m­l

[tsarelos]

eamb-ydrohoos.blogspot.gr/2010­/02/ten-plagues-of-pharaoh.htm­l

The ten plagues of Pharaoh “have been brought upon” the USA.

[chima chibi]

I have a sneaking suspicion that he is someone who is on the autistic spectrum. Good with numbers, rigid and narrow in perspective, clueless about emotional factors in human behaviour. Not a bad person, but just cannot see what is obvious to non-autistic people. He was a logical positivist when he was young, right? Logical positivism is an autistic philosophy :P.