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How about a little Frank Sinatra for the old timer Greenspan? ......Fairy tales can come true, it can happen to you, if you're young at heart..... Greenspan doesn't have old timers disease and he isn't alzheimic which was Reagan's excuse, so what will he do if this house of cards collapses? Hire an influencial lawyer sympathetic to that theory expoused by the infamous Charles Ponzi?

Elaine Meinel Supkis

He should be arrested and forced to work in a Chinese coal mine.


"...the growing stability of the world economy over the past decade may have encouraged investors to accept increasingly lower levels of compensation for risk."

What a freakin' bizarre statement. I guess the Asian currency crisis and collapse of the tech bubble are signs of "growing stability." Oh, wait. I get it. He and his rich buddies got richer during the past decade, which is the very definition of stability.

And I also guess the frenzy to buy mortage-based derivatives because of impatience with the yield of anything else is a sign that investors are learning to "accept increasingly lower levels of compensation."

Since I do not believe that Greenspan is stupid, I must conclude that he is a lying sack of shit.

Elaine Meinel Supkis

I vote for 'lying sack of shit' that is under our feet.


I was just reading where a reader took his "considerable" funds out of BofA. That's so funny cause I just did the same this morning. Although in my case "considerable funds" is based on Wal-Mart shopping standards. I took mine out for the same reasons as your reader did. Since I mentioned WM - did you know Wal-Mart in Mexico has volunteer baggers who bag for tips ? The bottom feeding Walton family makes their multi-billions and won't even pay their employees the NAFTA-ruined Mexican wage for baggers ! Que pinches codo duros cabrones ! which is what the baggers might say.

Elaine Meinel Supkis

Next there will be people in the parking lots wiping windows (we had zillions of those in NYC during the great inflation years).

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