Wall Street Breakfast: Must-Know News [View article]
Let's put the blame for this fiasco where it rightly belongs-- at Alan Greenspan's doorstep. While he was in office he either allowed or personally devised many of these "creative" financial (no money required) instruments to function. As long as bankers were raping the public - that was O.K.-- but once they began passing the hot potato to each other then the game had to stop. Now Alan's running around saying "no-one could have foreseen this debacle". Such performance must have been sanctioned by the administration looking to stay in power. Will our "leaders (?)" also now allow the company officers responsible for promoting these schemes to go retire wealthy or will some of them finally be put in jail.
Just think of it this way--If you took all of the bank robberies that have occurred worldwide in the last 2000 yrs. the robbers would have taken less than 1% of what is now being taken from the public by these officials with their clouded transparencies and unethical actions -- proving once again that the pen is mightier than the sword !
Wall Street Breakfast: Must-Know News [View article]
Let's all be honest. The present financial fiasco is the fault of Mr. Alan REDspan whose job it was to control such excesses. Now he's going around the country saying "no-one could have foreseen this problem" Hogwash ! For a true explanation please see the article by Mike Stathis on Seeking Alpha Sept. 11th entitled "Greenspan Get Lost". By his actions, Mr. Redspan has cost American Taxpayers up to 10 trillion dollars. In addition, world bankers will now be far more reluctant to trust U. S. paper in the future.
Wall Street Breakfast: Must-Know News [View article]
Thank You Alan RedSpan for the present worldwide financial turmoil. It happened on your watch and even a person with no economic background and a total blindfold would have "seen it coming". My wife's bridge club often wondered how folks could buy property with nothing down and low-paying jobs. It appears that some people will do anything to get re-appointed . Perhaps, you might now call on your extensive economic expertise to suggest a solution to the present situation. The world is waiting for your sage advice !
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
Just think of it this way--If you took all of the bank robberies that have occurred worldwide in the last 2000 yrs. the robbers would have taken less than 1% of what is now being taken from the public by these officials with their clouded transparencies and unethical actions -- proving once again that the pen is mightier than the sword !
Wall Street Breakfast: Must-Know News [View article]
Hogwash ! For a true explanation please see the article by Mike Stathis on Seeking Alpha Sept. 11th entitled "Greenspan Get Lost". By his actions, Mr. Redspan has cost American Taxpayers up to 10 trillion dollars. In addition, world bankers will now be far more reluctant to trust U. S. paper in the future.
Wall Street Breakfast: Must-Know News [View article]