Alan Greenspan- Diarrhea of the Mouth

[kaydee457 13]

Geez...I get soooo fcuking pissed at this idot making comments at critical times thereby diminishing the actions of the Fed .....

One could almost specualte that this guy's possibly manipulating the markets.....

Aln, GET OVER IT ALREADY! YOUR'RE RETIRED!

[Sister Fracas 5]

alrighty then...

[w¡n9Nµ7 §£@¥€r 123]

Allan Greenspan waking up in the middle of the night to find his home in flames:

AG: Andrea?

Andrea Mitchell: Hummmmmm?

AG: Andrea, I detect some signs that rapid oxidation of cellulose-based products may be close at hand?

AM: Alan, I am trying to sleep.

AG: With time the trend towards oxidation may spread to woven products, textiles, and other consumer goods.

AM: Will you let me sleep!

AG: Of course, my view of current oxidation events is somewhat obscured by smoke and toxic fumes.

AM: Smoke?

AG: Perhaps smoke, the true assessment of the current combustion cycle will not be clear for some time.

AM: COMBUSTION?

AG: Perhaps but the trend of oxidation has not been observed for sufficient time to make a clear pronouncement onthe situation.

AM: Holy F**K ALLEN, the house is on FIRE!!! Get OUT NOW!!

AG: Are you certain it is wise to call fire when it may simply be a smoldering event that will rectify itself?

AM: GET OUT NOW!

(They run out of the house, just before it collapses into a smoldering mess)

Two days later, talking to the insurance adjuster.

AG: As my wife can tell you, I clearly saw this event in its infantcy and raised alarm about the fire. I feel confident that had I not made such clear pronouncements on the danger that lives may have been lost.

[Heracles 417]

:jest: :jest:

[kaydee457 13]

Well, at least his comments didn't affect the american exchanges but they dragged the rest of the markets down.....Europe and Asian markets tanked after he shot his mouth off....

Someone needs to gag this guy....and place in an old folks home.

[one...two...tree 2,762]

Well, at least his comments didn't affect the american exchanges but they dragged the rest of the markets down.....Europe and Asian markets tanked after he shot his mouth off....

Someone needs to gag this guy....and place in an old folks home.

Exactly. What's with these retired folk goin around and pretending that experience is superior? I say gag them all and put them into senior homes...take away their internet privileges.

[almaty 19]

Well, at least his comments didn't affect the american exchanges but they dragged the rest of the markets down.....Europe and Asian markets tanked after he shot his mouth off....

Someone needs to gag this guy....and place in an old folks home.

Exactly. What's with these retired folk goin around and pretending that experience is superior? I say gag them all and put them into senior homes...take away their internet privileges.

two words for them..soylent green

[kaydee457 13]

Well, at least his comments didn't affect the american exchanges but they dragged the rest of the markets down.....Europe and Asian markets tanked after he shot his mouth off....

Someone needs to gag this guy....and place in an old folks home.

Exactly. What's with these retired folk goin around and pretending that experience is superior? I say gag them all and put them into senior homes...take away their internet privileges.

Sarcasm eh? This guy has a fudiciary responsibility to everyone in this country to keep his trap shut about monetary policy....He knows that what he says can affect the markets...If he wishes to opine about who's going to win the Super Bowel then opine away....but the economy of the world is off limits, particulary just before an important Fed meeting concludes and before any announcements are made.

It's simply a matter of professionalism. We certainly can't confuse him as a "class act"...

[Heracles 417]

I would rather listen to people with arts / journalism degrees who know jack yet have an opinion on everything. A opinion which happens to be influenced by blogs and other left wing socialist media but is apparently fair and balanced; unlike that fox news network..

Edited January 30, 2008 by Boo-Yah!

[almaty 19]

greenspan and a milf date (note: milf date was not my comment)

Edited January 30, 2008 by almaty

[one...two...tree 2,762]

Well, at least his comments didn't affect the american exchanges but they dragged the rest of the markets down.....Europe and Asian markets tanked after he shot his mouth off....

Someone needs to gag this guy....and place in an old folks home.

Exactly. What's with these retired folk goin around and pretending that experience is superior? I say gag them all and put them into senior homes...take away their internet privileges.

Sarcasm eh? This guy has a fudiciary responsibility to everyone in this country to keep his trap shut about monetary policy....He knows that what he says can affect the markets...If he wishes to opine about who's going to win the Super Bowel then opine away....but the economy of the world is off limits, particulary just before an important Fed meeting concludes and before any announcements are made.

It's simply a matter of professionalism. We certainly can't confuse him as a "class act"...

JIM LEHRER: Are you still concerned that you, even now that you're no longer chairman of the Fed, your words still do matter to folks? Are you very careful even now what you say?

ALAN GREENSPAN: I have endeavored to be as insulated as I can get. In other words, in all of my meetings with people who are clients of mine, it's very clearly stated that these are all off-the-record, never to leave the room, and I'm successful 98 percent of the time. The 2 percent is very disturbing to me, but I don't know what to do about it.

JIM LEHRER: Yes, because you want to talk. You just want to make sure -- I understand.

ALAN GREENSPAN: Yes, in other words, I've been an economist since the latter part of the 1940s, and that's my profession. I love it. And I'm enjoying it, and I've been doing it with different employers for two or three generations, it seems like now.

And, you know, people say, "Well, you know, you just ought to keep quiet." And I say, "Why?" And they say, "Because your words mean something." I said, "You mean, if I was a lousy Federal Reserve chairman, nobody would care what I said? So I'm being punished because I'm supposed to be saying something people are interested in?"

Look, I'm fully aware of the fact that, in the early months of when I left office, that anything I would say could create a problem for my successor, Ben Bernanke. But, fortunately, he is now so ensconced now and his reputation is unquestioned -- I think he's doing an excellent job -- that I'm feeling a little more relaxed on the issue.

But I still try to keep as low a profile as I know how and, frankly, would prefer, after this book, which I have no choice but to come in and lay out what I'm saying in public, but I'm going to try to see if I can manage to work my way back to some degree of anonymity and privacy, although people tell me I'm insane.

http://www.pbs.org/newshour/bb/business/ju...span_09-19.html