patrick.net

That article was scathing. I felt embarrassed for Greenspan while reading it, the same way I always feel embarrassed for Mikey in "Swingers" when he calls the girl he met at the bar 7 times immediately upon returning home.

I would love to see the 2 sentences dedicated to Greenspan in the 2110 6rd grade history books. Something like, "The height of the 20th century inflationary madness was epitomized by a notorioulsy inarticulate, egomaniac named Alan Greenspan. Highly regarded when he was in office, known as 'the mistro', it was his faith and implementation in loose monetary policy that largely drove the entire world into a dark era of pain, suffering, and war."

Nah...that would be far to accurate for a text book.

Who in the Hell sings Al's praises here?

Greenspan's reign and now Bernanke's makes a convincing case for ending the Fed. The entire world is suffering, with a lot more to come, because of these elitist central banksters and their fiat money fraud.

E-man says

THEY SAVED THE NEXT GREAT DEPRESSION.

They PISSED TRILLIONS DOWN A DARK DEEP HOLE!(well as deep as banksters pockets can get I guess)
Don't credit them with nothing more.

AIG has been a flat line since late 08, what does that tell you? Where did all of the money go? Where is it now? We are at work erasing last years phantom gains.

You can't be dumb enough to belive that crap can you? Really? You think that was about bailing out AIG "The company" and all of it's poor sap lowly 401K working schmucks, or was it just giving "Old money" a mulligan, And screw the investors?

I think you know, now tear down the Greenspan shine with the Bernake Oil on Velvet picture that hangs over the Hanypanky Paulson Alter.

E-man says

THEY SAVED THE NEXT GREAT DEPRESSION. Amazingly, no one wants to give them credit for this. Just whining and bitching all day long. You guys only want to see whatever would benefit you.
F*CK YOU ALL SELFISH S.O.B., BOTH THE LEFT AND THE RIGHT, FOR NOT RECOGNIZING THIS!!!

Bad day in the salt mines?

The only thing they saved was a bunch of zombie banks. All the counterparty risk scare tactics were just that, scare tactics. Of course a lot of banks and other deserving institutions would have crumbled. They SHOULD have crumbled. This would have resulted in losses to many innocent owners of checking accounts, insurance policies, and trading accounts. It is these end-users that the government should have bailed out--for far less than it cost to bailout every zombie banks' toxic balance sheet.

E-man says

but you have to understand that ANY PRESIDENT does what he thinks is best for our country when he’s in office.

This is an extremely naive view. Though even if this is true, the president is surrounded by dozens of powerful wolves in sheeps clothing.

E-man says

Yes, you might disagree with his ideaology and philosiphy, but don’t talk shit about our current and past presidents.

I am missing your point. Are you suggesting that we accept any decision that our government makes, without public outrage when they fuck up?

E-man says

Bush got so much shit from the left during his presidency, and now Obama is getting the same kind of shit from the right.

This characterizes any critic of the president as a partisan idiot. There are legit criticisms of every president. Bush and Obama happen to have made more than their fair share of mistakes. They both deserve the shit they get.

E-man says

If you think this is good for the country, I have nothing to say to you.

No problem here. If you think that silently accepting the shit that comes out of washington is good for this country, then I have no interest in hearing what you have to say.

E-man says

What the hell did you do to contribute to this country other than whining and bitching all day long?

Do you mean besides doing all the normal things like pay taxes, create jobs, reinvest any extra capital that I accumulate into local small businesses, take care of my family/friends, and generally try to be a decent person? Well, I suppose that pretty much takes up my day. Though I have been asked recently to write an op-ed piece for a trading magazine discussing how hi-frequency trading is sucking liquidity out of the marketplace--hurting investors and the US capital raising process. I have agreed. This means that I am willing to risk my career and personal profit for what I feel is right.

What have you done lately?

I have had a bad few years in the salt mines. Speaking out against the sins of my own government is incredibly optimistic and productive. If enough people speak out, we can change things for the better. That is the American way.