The Greenspan Depression?

Wurm

But Greenspan and his partners in crime did nothing to stop it. He and his ilk knew exactly what would happen, and in fact encouraged it by his policies. "No regulation" is the mantra of these theives and crooks - under the rubric of "the free market" - and once again we're seeing the results of dereg run amok.

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"Bush is the first President to admit to an impeachable offense."

- John Dean, former Counsel to the President (Nixon)

The aim of big corporations is to separate fools from their money all of the time and ordinary folks from their money most of the time. The rest of us must fend for ourselves.

Hein-Verbruggen

Well let's shoot Greenspan then. He is still collecting fat speaker fees.

Then what?

Wall Street will never do the right thing--yet they--not central bankers now run our unregulated theater show.

Debasing currency (via a loose monetary policy) is the only real trick central bankers have left (and open market junk paper injections/swaps)--and trash talk.

No hedge fund regs, audits or bank supervsion is on the table. The ponies are out of the barn anyway.

Bro Deal

Find an appropriate title for the attached graph--other than "We're fucked."

Does anyone have Shiller's book about housing? I have his "Irrational Exuberance" book, and it was a decent read of a subject that has been done before. His book on housing, which delves into the myths of real estate as an investment and looks to be ground breaking, should be very interesting.

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"You are like the wind and I like the lion. You form the tempest. The sand stings my eyes and the ground is parched. I roar in defiance but you do not hear. But between us there is a difference. I, like the lion, must remain in my place. While you like the wind will never know yours." -- Mulay Hamid El Raisuli, Lord of the Riff, Sultan to the Berbers, Last of the Barbary Pirates

Wurm

Naw, too easy. I say we string him up by his shriveled nut sack 'til he begs for some "regulation" of his punishment.

"Then what?" The obvious answer is serious and meaningful gov't regulation & oversight, well beyond what exists today, AND real campaign finance reform. But most pols seem content to let the foxes run the henhouse, and won't willingly cut off their own gravy train.

__________________
"Bush is the first President to admit to an impeachable offense."

- John Dean, former Counsel to the President (Nixon)

The aim of big corporations is to separate fools from their money all of the time and ordinary folks from their money most of the time. The rest of us must fend for ourselves.