The Mess on Wall Street: $4 Trillion Down the Drain [View article]
Lets see, Greenspan POPPED the Internet Bubble on purpose by raising interest rate when there clearly was no inflation. This led to the tech crash & subsequent interest cuts to almost 0%. He kept interest rate low too long & encouraged the housing bubble to bail him out of the mess he caused. He should have called for toughening of the lending guidelines when he testified before Congress but didn't. Greenspan & Congress are prime suspects in the mess that we are in.
Cox at the SEC is another academia with no clues what so ever. They need to make a move now to ban naked shorting to put a floor under the financials.
Unbelievable!!! The market will not recover until there is capitulation. All fingers should be pointed at Greenspan for this mess. WM will be next in line for a hand out for taxpayers. Then Ford, Chrysler, GM.
We need a REVOLT. The clowns running the government (DEMONcrat & RePUKEblican) is running this country to the ground. Let there be capitulation. If these clueless financials play , then they've got to pay the piper. What are we now? A socialist/communist country? Who is looking for a bailout next? WM? GM? F? We are all paying for this mess.
The Mess on Wall Street: $4 Trillion Down the Drain [View article]
Cox at the SEC is another academia with no clues what so ever. They need to make a move now to ban naked shorting to put a floor under the financials.
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The Mess on Wall Street: $4 Trillion Down the Drain [View article]