Planned Crises or Alan Greenspan's "Tsunami" (tags)
Greenspan knew his policy would create a financial bubble that ultimately had to burst. The subsequent crisis was consciously accepted since it speeded up the process of creative destruction. Lessons from the 2008 financial meltdown include shrinking the financial sector and expanding the public sector.
Predatory Capitalism Failed (tags)
class war
Greenspan and the Guilt of Others (tags)
Before the committee, Greenspan immediately went on the offensive (cf. Creole trick). The irresponsible loans of banks caused the crisis, not the low interest of the Fed. The Fed failed in regulating the banks because its employees were not neutral.
Cash for Geezers: Retirement for Boomers at 55 (tags)
Beloved Air America host in the mornings, Thom Hartmann and Eduardo Galeano could turn our days to light.
"Down the Memory Hole," Alan Greenspan Style (tags)
Greenspan-caused housing bubble
As the revered godlike head of the Federal Reserve, Greenspan pursued a policy of cheap money. Whenever the financial markets began to correct their own madness, he opened the floodgates for more money..The world stares so intensely at growth that it forgets distribution.
Ronald Reagan: Betrayer of Main Street America! (tags)
William Kleinknecht takes the gloves off in his new book,”The Man Who Sold the World: Ronald Reagan and the Betrayal of Main Street America.” He shows that the so-called “great communicator,” was, in fact, the “great enabler of corporate greed.” The Vulture Capitalists were set loose on the people by “Reaganism.” I say: Take Reagan’s name off that airport in D.C. Let his Fat Cat cronies pay for his memorials, not the taxpayers.
5 Disastrous Decisions That Got Us into This Econmic Mess (tags)
We are at a dangerous moment. Behind the debates about future economic policy is a debate about history. Joseph Stiglitz, a Nobel laureate, is a professor of economics at Columbia University.
"Like the Fall of the Wall" (Joseph Stiglitz) (tags)
The mixture of low interests, excessive liquidity and lax oversight on money institutes led to the financial crisis. National indebtedness rose two-thirds in only eight years. The govt should immediately begin investing in the infrastructure, education and other projects.
Hey, Prez-Elect Obama: Say “Thanks” to Alan Greenspan! (tags)
Sen. John McCain’s presidential candidacy was done in mostly by a Wall Street-Financial Meltdown, in late Sept. 2008. This phenomenon took the issue of “national security,” which favored him, off the table, and replaced it with “the economy,” which was Sen. Obama’s strongest suit. The fact that Dubya is the most unpopular president in history, coupled with having $639 million to spend, all added up to a smashing victory for Prez-Elect Obama.
Public Enemy Number One (tags)
Fed- engineered crisis.
The Neediest Need Help Like the Banks (tags)
The same state haggles over every bowl of soup for welfare recipients. For banks, billions appeared overnight. There must also be money for higher wages and more social services.
The Fed, AIG, Congress, Third Party Candidates and the Debt (tags)
The Fed,” William Greider said, “decides who shall prosper and who shall fail.” American International Group (AIG), Fannie Mae, Freddie Mac and Bear Stearns, all private entities, will be bailed out by the taxpayers. Third Party candidates want an audit and investigation of “The Fed,” an unelected clique. “The Fed,” and the Treasury Dept., are currently submitting a Mother of All Bailout schemes to the Congress. It may cost the public $1 trillion!
William Greider Raps Predatory Usury Schemes (tags)
How did the country get into this unholy financial mess? Think usury! Acclaimed author William Greider points the finger at banks, and people of great wealth, “taking advantage of poor people by lending them money on terms that are sure to fail.” He blames others, too, like “The Fed,” under the reign of Alan Greenspan, the U.S. Congress, and Wall Street. Mr. Greider charges that these parties worked to “castrate” the watchdogs.
Economic troubles are broad, deep and worrisome.
Alan Greenspan at the Feds: A Disaster for America (tags)
The supposed financial guru, Alan Greenspan, was nominated to head the Federal Reserve, in 1987, by that union-bashing dunce, President Ronald Reagan. At his confirmation hearing, the late Sen. William Proxmire (D-WI), exposed the fact that Greenspan’s economic forecasting record was “dismal” and “wrong” most of the time. In his book: “Greenspan’s Bubbles,” William A. Fleckenstein proves Sen. Proxmire’s instincts were prophetic.
Financial Meltdown A "Gigantic Fraud"! (tags)
Leading Economic Writer: Financial Meltdown A "Gigantic Fraud" - Says Americans "duped" by "serpent-tongued" elite!
The Killing Silence of Alan Greenspan (tags)
The Bush-Cheney Gang lied the country into the Iraq War. Now, Alan Greenspan, the ex-Chairman of the Board of Governors of the Federal Reserves, has admitted: “’Everyone’ knows the Iraq War was largely about oil!” Greenspan should be forced to testify, under oath, before a Grand Jury and/or the House Judiciary Committee about this amazing disclosure. The American people are entitled to the truth and the liars should be punished.
Greenspan's Dark Legacy Unmasked (tags)
Alan Greenspan's true record of public disservice.
Progressive radio host Thom Hartmann cuts off calls about the pro-Israel lobby (Mearsheime (tags)
Progressive radio host Thom Hartmann cuts off calls about the pro-Israel lobby (Mearsheimer & Walt book)
Questions to the Maestro Alan Greenspan (tags)
Listen to Thom Hartmann interview Alan Greenspan on Air America Monday Sept 24. Greenspan was responsible tor the credit problems that now shake the world finance markets. Did the maestro drastically lower interest rates to help the Bush administration?
Alan Greenspan on Thom Hartmann Monday (tags)
Tune in to the Thom Hartmann show Monday on Air America and hear Thom interview Alan Greenspan, head of the US Federal Reserve for 18 years and engineer of the present mortgage-credit-bubble crisis.
A "Slow Motion Train Wreck" (tags)
Financial market turmoil and the Federal Reserve increases it
Capitalist Globalization and the "middle-class" (tags)
Since the 1970s, the social consequences of the current period of capitalism (commonly referred to as globalization) have primarily affected the working class, especially those in manufacturing jobs. Despite the consequential deterioration of large cities and countless smaller towns — not to mention the pauperization of large segments of the population — the effects were dismissed by politicians and the mainstream media as necessary evils. The victims of this process were told to pick themselves up by their boot-straps, go back to school, and learn to integrate into the new, technology-driven global economy. How things have changed! Experience has exposed all the promises of globalization to be lies, and now those who think of themselves as "middle-class" are finding themselves on the chopping block. These skilled workers — engineers, Information Technology workers, accountants, legal and medical personnel, etc. — are confronted by the combined forces of a shrinking labor market, outsourcing, and the corporate-led importation of foreign workers through the H-1B visa program.
East siders have their way of saying goodbye to Alan Greenspan
Two colossal manmade disasters: Katrina and Alan (tags)
What becomes obvious when a Katrina comes along is that for the many "born to lead," there is only a scant few "committed to serve."
Greenspan Foreknowledge of London Bombings ??? (tags)
"Two days before the London subway bombings, Fed-Master Alan Greenspan flushed nearly $40 billion in liquidity into financial markets. The sudden activity was an astonishing departure from the current policy of tightening interest rates to stifle inflation. The Chairman has not explained his erratic behavior, but there’s growing speculation that Greenspan may have had information about the likelihood of terrorist attacks and decided to “preemptively” head-off a run on the markets."
Tempest in Santa Fe: Confronting Israeli Myth-Making (tags)
Propagandists on behalf of Israel have held a corner on public discourse about the Palestinian-Israeli conflict for the nearly six decades of Israel’s existence, but these purveyors of the Israeli line have become increasingly deceptive and malign -- and increasingly effective – with time.
Mr. Greenspan and the German Way (tags)
Greenspan's dilemma is that interest rates must rise to reduce the trade deficit ($617B in 2004) and keep foreign investors ($2B a day) though this could burst the real estate bubble and raise consumer prices. US prosperity is a credit-b ased prosperity.
Greenspan: Why is Anyone Still Listening to this Partisan Hack? (tags)
He’s a schill for the President, collects full Social Security benefits and a $200,000 salary, stands to collect another $100,000 a year in federal retirement benefits, and he wants to cut your Social Security benefits! Why should anyone listen to a guy with his lousy trackrecord as an economic and stockmarket forecaster anyway?
Cuts to Social Security (tags)
Greenspan warns cuts to Social Security may be “abrupt and painful”
Litmus Test: Time for Kerry and Democrats to Take a Stand for Our Votes (tags)
Alan Greenspan, a banker who stands to retire on over $140,000 a year, has called for cutting the Social Security retirement benefits for Baby Boomers. It’s high time for John Kerry and the Democrats to admit that there is no such “crisis” in Social Security. All that’s needed is full Social Security taxation on the rich and the employers who pay their salaries.
Greenspan Sounds Alert on Social Security (tags)
THERE WILL BE NONE FOR YOU!! For at least the fourth time this year, Federal Reserve Chairman Alan Greenspan issued his warning that the White House and Congress need to come up quickly with a plan to trim the Social Security and Medicare benefits that 77 million baby boomers are scheduled to receive when they retire.
NESARA: peace information February 20th – April 9th, 2004 (tags)
“This morning from 7:30 am to 8 am, I shared the good news of NESARA on the ?Healthy Choices? show on KEST Radio 1450 AM in San Francisco”
Six Social Security Myths (tags)
Alan Greenspan got a lot of people talking about Social Security last month by pointing out that future funds won't be enough to fund future obligations. What a surprise! What is far more surprising, however, is how much the continued fallout exposes our collective ignorance about Social Security.
Howard Phillips Smokes Sir Alan Greenspan in 150 Words or Less (tags)
Washington's Conservative Caucus Chairman Howard Phillips smokes Sir Alan Greenspan in 150 words or less on the latter's understanding of the American Constitution.