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View Full Version : Greenspan Shrugged



Katwoman
31st March 2010, 12:24
A shrug is performed by lifting both shoulders up, as an indication of an individual either not knowing an answer to a question, or not caring about a result.

According to Wiki, after the publication of The Fountainhead, Ayn Rand received numerous letters from readers, some of whom it had profoundly influenced. In 1951 Rand moved from Los Angeles to New York City, where she gathered a group of these admirers around her. This group (jokingly designated "The Collective") included future Federal Reserve chairman Alan Greenspan.

Obviously Mr. Greenspan could not so easily shrug off the notion that he did not consider all of the possible ramifications of his actions while acting as Chairman of the Federal Reserve particularly with regard to holding interest rates too low for too long which would suggest that he must have alternatively "unwittingly" helped get us into the worst economic mess in 70 years indicating that he was not entirely qualified to hold such an influential position.


I rest my case.

AgShaman
1st April 2010, 00:23
I'm to busy practicing my "Syntax Destruction" so I can spew phrases that will make people say..."WTF did he just say" (mumbo jumbo nothingness)

Sometimes I have to actually do some real work for my Shylock puppet masters....like the time my buddies and I discredited Brooksley Born and ran her out of town....she was trying to warn us about the deregulation of something....I can't remember....oh yeah, derivatives....that's where I heard that word before....anyways, I'm old now....can't I just leave my job now that i've F***ed up the financial world?....Hey, I should move away to a foreign country....that would be cool!...I can always come back around and promote a book or give an interview once things die down a bit and the masses return to the trough with betting at our fraudulent casino games again....what me worry?...I've got a free pass....workin' for the USSA govt. (criminals like us never get prosecuted....we just organize bailouts)

Curiosity will not kill the C/Kats of SS Nation!

Katwoman
7th April 2010, 11:01
WASHINGTON Alan Greenspan defended his tenure Wednesday as head of the Federal Reserve before a panel investigating the roots of the financial crisis. As he has in the past, Greenspan disputed critics who say he kept interest rates too low for too long, encouraging risky lending.

Of course he did nothing wrong, as my thesis above clearly shows he's just frickin' moron!!

Katwoman
7th April 2010, 11:59
So how would you fix this?

Chapman says they can not turn back now- it is too late.

Their only choice is to inflate and then make an albeit futile attempt to avoid hyperinflation.

nmreich
7th April 2010, 12:09
So how does the peon triumph?

Hold on a minute, he might get a Nobel Prize out of all this - at least then he can be referred to as "Nobel Prize Winning Chairman of the Federal Reserve" by the media and on his tombstone. Maybe he can also get Knighted by the Queen like SIR eLTON jOHN the funny-glasses-guy and gay-singer.

Aggie
7th April 2010, 12:12
When ol' slobber chops flaps his gums you best stand back else you'll get sprayed upon with rancid spittle. The jig is up about this nimrod's agenda.

ag

maplesilverbug
7th April 2010, 18:15
Greenspan: 'I was right 70% of the time' (http://money.cnn.com/2010/04/07/news/economy/Greenspan_financial_crisis_commission/index.htm?hpt=T2)

I just gotta ask...why the f*ck is this guy even around any more?!?!

Kinda like Chucky Manson saying, "I was non-murdering 70% of the time!"

Everyone knows he was a huge part of this whole fraud/meltdown thing, so let's accept it and move on. No more time in the spot-light for Rand's fanboy.

akak
7th April 2010, 18:26
I think this pretty much says it all about Alan Greenspam:


http://www.ritholtz.com/blog/wp-content/uploads/2009/11/pander.png