Greenspan is Culpable - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

Ceteris Paribus · 09-29-2008, 08:57 PM

Hard to understand why Greenspan is so revered. Enabled the dot.com bust, drove technology from U.S. shores (who would like to have a few more U.S. Googles and Oracles about now?), lowered rates and made mortgage money easily available for liars/profiteers. Sleep well Al.

Ma'ake · 09-29-2008, 09:03 PM

Absolutely Greenspan is culpable, as the head cheerleader pushing deregulation on Wall Street.

Yet many (even here) will fail to recognize that a lack of regulatory oversight is the primary cause of this mess.

"It was greed".

Bullshit. The entire economy is predicated on greed. Sure, the money grubbers would (and do predictably) complain about regulation.

There's a reason it exists.

il Padrino Ute · 09-29-2008, 09:06 PM

There's enough blame to go around to everyone involved here - from Greenspan to Wall Street to the dumbasses in DC in both parties.

I say shoot 'em all.

Mormon Red Death · 09-29-2008, 09:08 PM

Quote:

Originally Posted by Ceteris Paribus

Hard to understand why Greenspan is so revered. Enabled the dot.com bust, drove technology from U.S. shores (who would like to have a few more U.S. Googles and Oracles about now?), lowered rates and made mortgage money easily available for liars/profiteers. Sleep well Al.

Bill Fleckenstein is that you????

09-29-2008, 08:57 PM	#1
Ceteris Paribus Junior Member Join Date: Apr 2008 Posts: 63	Greenspan is Culpable Hard to understand why Greenspan is so revered. Enabled the dot.com bust, drove technology from U.S. shores (who would like to have a few more U.S. Googles and Oracles about now?), lowered rates and made mortgage money easily available for liars/profiteers. Sleep well Al.

09-29-2008, 09:06 PM	#3
il Padrino Ute Board Pinhead Join Date: Jan 2006 Location: In the basement of my house, Murray, Utah. Posts: 15,941	There's enough blame to go around to everyone involved here - from Greenspan to Wall Street to the dumbasses in DC in both parties. I say shoot 'em all. __________________ "The beauty of baseball is not having to explain it." - Chuck Shriver "This is now the joke that stupid people laugh at." - Christopher Hitchens on IQ jokes about GWB.

09-29-2008, 09:03 PM	#2
Ma'ake Member Join Date: Jan 2006 Location: SLC Posts: 441	Absolutely Greenspan is culpable, as the head cheerleader pushing deregulation on Wall Street. Yet many (even here) will fail to recognize that a lack of regulatory oversight is the primary cause of this mess. "It was greed". Bullshit. The entire economy is predicated on greed. Sure, the money grubbers would (and do predictably) complain about regulation. There's a reason it exists.