mongobobo Says:
Jul 7, 2008 - He didn't get it? You don't have to be an economic mastermind to understand that this whole sub-prime mess was a house of cards.
mongobobo Says:
Jul 7, 2008 - the most telling part of the interview was cut off here. He was asked, "Are you keeping your savings in American Dollars?" His answer: "I am diversified." There you have it. The man who printed YOUR money is now telling you that it is worthless and even HE won't touch it.
TYX91101 Says:
Jul 7, 2008 - The peculiar notion that a group of bankers can ensure financial prosperity is precisely what created this magnificent bubble.
cromicus Says:
Jul 7, 2008 - 60 minutes is quite easily the worst investigative reporting show ever.
johnnymav1 Says:
Jul 7, 2008 - He only cared for his Wall street friends, He was hopeless, created bubbles and the media makes him look good, and now we have helicopter Ben at the printing press.The Fed Reserve has to be taken out, they destroy the average American, for their Corporate Shills.
classclown2005y Says:
Jul 7, 2008 - Greenspan was responsible for BUBBLES. That is it. An economy fueled by credit greed, and not real need. How could he not know that lowering interest rates would not create another bubble in the real estate market? Get serious.
hiimallen Says:
Jul 7, 2008 - BUDGET SURPLUSES??? Robbing Social Security was Greenspans fault?
lvildos Says:
Jul 7, 2008 - interests rates were not too low for too long.There is/was no reason to raise them for fear of "inflationary pressures" if done in coordination with (the correct) fiscal policy.
mltube Says:
Jul 7, 2008 - Leslie Stahl did an excellent interview with this two-faced scoundrel.
chere7up Says:
Jul 7, 2008 - alan greenspawn & bernake are part of THE INTRNATL BANKERS AKA ROTHCHILD, ROCKERFELLER SHOULD BE SUED BY THE AMERICAS'FOR THE INJUSTICE THEY'VE DONE IN CREATING WARS, FUNDING BOTH SIDES & CREATING DEPRESSIONS LIKE SUB-PRIME. THEY CRIMINIALS OF THE WORST KIND. THEY PRINT MONEY & "LOAN" IT TO NATIONS W/INTREST. THEY STOLE ALL THE GOLD FOR INTEREST ON THE MONEY THEY LOANED US.
lvildos Says:
Jul 7, 2008 - chere7up... "just do it!" Nike
chere7up Says:
Jul 7, 2008 - We do have a United States Treasury. They can print intrest & tax free currency. How in the world did we get PRIVATE BANKERS AKA FEDRL RESRVE printing money for America and charging intrest on it?!! This cartel robbed our gold for pmt or intrest on this federal reserv note we call the dollar bill, thats really only worth 4 cents. Americas should sue the heck out of them and put them behind bars.
ronpaulpresidency Says:
Jul 7, 2008 - Ron Paul has the solution! Youtube Ron Paul!
garyowen4ever Says:
Jul 7, 2008 - chicago has many al greenbax mini mes,,,they are sometimes called maxwell st. businessmen because they're expert at slick fast double talk that weasels them out of anything, you want them defending you in court but if the business financial advice they give you craters,,,,it aint their fault! i started out on maxwell st and i oughta know!
akhara36 Says:
Jul 7, 2008 - Do not buy his book!!!!!!!!!!!!!!!!!!!
hungryhamsters Says:
Jul 7, 2008 - Don't forget the Great Depression in US and something similar in many other countries because the economics is going too well and the stock market is too booming. Fed. are here to control the economics so it won't go too well to out of control, not really here to serve people. Government is here to serve people, not the Fed. And I don't see why Fed has to take responsible for devaluation of money.
jeffe2222 Says:
Jul 7, 2008 - There is no such thing as "too booming" if the boom is not ARTIFICIALLY created. For example, if a company invented a car that ran on air and sold one to every single person on earth that could afford it, that stock would "boom", and people who invested in that company would gain financially.
jeffe2222 Says:
Jul 7, 2008 - Now take the housing boom. This is a perfect example of an ARTIFICIAL boom. In this case, the boom was not created by innovation, demand, or any other "natural" market force. It was created by the Fed's ridiculously loose monetary policies(i.e. 1.25% fed funds rate). Low interest rates encourage prudent borrowing, but they also encurage reckless borrowing(i.e. subprime mortgages).
jeffe2222 Says:
Jul 7, 2008 - I have been in the mortgage industry for over a decade, and I can tell you this: The availability of credit for risky investments rises and falls in sync with the Fed's rate moves. This is not a little known phenomenon - the Fed knows exactly how interest rates effect borrowing and the economy in general.
jeffe2222 Says:
Jul 7, 2008 - This is precisely what makes the "boom" artificial. There was not a sudden spike in the population that created a housing shortage, nor were there innovations in the sector that made existing homes obsolete. The boom was created by flooding the marketplace with previously unqualified and, more importantly, undeserving buyers who had just been handed a virtual credit card with no limit. This is a direct result of the Fed's manipulation of the interest rates.
garyowen4ever Says:
Jul 7, 2008 - al greenteeth needs a real job right now as a janitor cleaning the merc in chicago!
ubornthick Says:
Jul 7, 2008 - gary, he could sellabrat his new job with shampain
slovakmath Says:
Jul 7, 2008 - Hindsight is 20/20. I didn't see the interviewer carrying a sign and making phone calls telling the world that there was danger to come.
expert1221 Says:
Jul 7, 2008 - Greenie must have forgot that he went through this same situation in the early 80's... Only this time we replaced him with a Bernake tool to take the heat. Poor Greenie got to set up the Dominos, but didn't get to push them over.
Freedom2Learn Says:
Jul 7, 2008 - Ya, its a different world because the dollar is about out of value to steal. The fed has stolen all the value of the dollar...Time to start a new game so they can start stealing the value of the next currency...amero or what every the choose to call it.