comparemela.com

Latest Breaking News On - Godfather greenspan - Page 1 : comparemela.com

Detailed text transcripts for TV channel - MSNBC - 20100407:20:05:00

towards congress debating financial reform in our country, the question must be ask asked it make sense for our got give more power to a federal reserve and banker con men who unrepentantly caused this crisis and make money on your expense, on the pension side and on the credit side. that s the current plan. give them more power. joining us now congressman alan grayson, democrat from florida who sponsored the audit in the fed bill with ron paul. congressman, pleasure to see you again and on the phone president of fleckenstein capital and more importantly author of does an exceptional job of explaining exactly how the godfather greenspan allowed the banks to perplate to con. and bill profited rather handsomely against the conspacek because knowing it was a bubble. i would likely more frustrated than i am that our congress unwillingness to acknowledge or understand the con or address it.

Detailed text transcripts for TV channel - MSNBC - 20100407:20:08:00

system that money seeps it s way into other places, and if you it will end up creating a bubble and the more leverage in the bubble, the more dangerous it becomes. greenspan not only made the interest rates too low, he advocated the possibles and curled for the housing bubem importance. he made a speech where he tried to explain why housing could not possibly be a bubble. so it was not just his conduct of monetary policy it was the things, the speeches, he made and he was held in such higher regard, other people adopted his behavior and philosophies. you mentioned campaign finance reform in the need to get the lobbyists out because the bank lobbyists $344 million, a cut of the action on the con goes to congress. are you as cynical as that would suggest? that, basically congress knows that they should create transparency and capital requirements which would end the ability to be a con like this but refuses to do so because

Detailed text transcripts for TV channel - MSNBC - 20100407:20:07:00

we wouldn t have this problem but lobbyists hand out $5,000 checks. bill, explain in this simplest sense why it is that alan greenspan is soap directly responsible for creating this con? caller: well, first of all, dylan, yours was one of the most succinct problems that i have heard. because greenspan is ultimately responsible because, a, he was the one who put rates at a level that was too low and then refused in the face of all evidence to do anything to try to retard the potential for an asset possible. he was in denial about the equity bubble and turned around and created the stocks sorry, the credit/hughes bubble and till this day refuses to accept any responsibility for it. when prices are held at an artificially too low of level by putting too much money in the

Detailed text transcripts for TV channel - MSNBC - 20100407:20:01:00

Detailed text transcripts for TV channel - MSNBC - 20100407:20:01:00
comparemela.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comparemela.com Daily Mail and Mail on Sunday newspapers.

Detailed text transcripts for TV channel - MSNBC - 20100407:20:00:00

Detailed text transcripts for TV channel - MSNBC - 20100407:20:00:00
comparemela.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comparemela.com Daily Mail and Mail on Sunday newspapers.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.