Think Progress

16 Responses to “Alan Greenspan to advise hedge fund firm.”

1. Fred says:

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   God…..he’s still alive? What the hell does he need to work for?

   January 15th, 2008 at 4:53 pm

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2. Jackie says:

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   It’s all about the money. Now we know why his wife Andrea Mitchell is fueling the flames of the Dems. She is working hard to get a GOP back in office for her husband. Ms. Mitchell clearing doesn’t want Hillary or Obama to win. Goldman Sachs should be charged with inside information and Paulson was appointed to guarantee the big businesses who are friends of the loyal Bush and family rob the US taxpayers blind. Greenspan got out and started calling in his favors and it worked well. Now we don’t need to guest why the Stock Market fell so low, it was because Goldman Sachs and friends set up the perfect crime.

   January 15th, 2008 at 4:57 pm

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3. Vet says:

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   God…..he’s still alive? What the hell does he need to work for?

   Comment by Fred — January 15, 2008 @ 4:53 pm
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   That’s EXACTLY what I was thinking. He must not have many hobbies if he’s not chomping at the bit to retire at age 125.

   January 15th, 2008 at 5:06 pm

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4. Ret. Col. Jack Ripper says:

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   Just a reminder: Greenspan’s advice to the American people in 2003 was to consider refinancing their homes with adjustable rate loans. Krugman wrote that he must have been crazy. Krugman was dismissed as a “Bush-hater.”

   January 15th, 2008 at 5:07 pm

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5. 2MillionLightYearsToAndromeda says:

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   Things have gotten so bad, Russian mob bosses are back to using 5000 Ruble bills to snort lines of cocaine off of hookers’ chests.

   - Will Durst commenting on the decline of the dollar

   January 15th, 2008 at 5:07 pm

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6. Ret. Col. Jack Ripper says:

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   Greenspan’s wife is NBC’s Andrea Mitchell the “senior political correspondent. Please keep that in mind as you hear her spin the Democratic debates.

   January 15th, 2008 at 5:08 pm

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7. 2MillionLightYearsToAndromeda says:

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   “Cash is available,…and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.”

   - Former Fed Chairman Alan Greenspan, 2007, suggesting that taxpayer money should be used to bail out the subprime lending institutions

   “Market discipline has in some cases broken down, and the incentives to follow prudent lending procedures have, at times, eroded.”

   - Current Fed Chairman Ben Bernanke with the understatement of the year on the subprime mortgage crisis

   January 15th, 2008 at 5:09 pm

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8. 2MillionLightYearsToAndromeda says:

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   Its a “collectivist” myth that businessmen, left to their own devices, “would attempt to sell unsafe food and drugs, fraudulent securities, and shoddy buildings….it is in the self-interest of every businessman to have a reputation for honest dealings and a quality product.”

   - Alan Greenspan, in a 1963 essay for deregulation guru Ayn Rand’s newsletter

   January 15th, 2008 at 5:10 pm

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9. 2MillionLightYearsToAndromeda says:

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   “What we are witnessing,…is essentially the breakdown of our modern-day banking system, a complex of leveraged lending so hard to understand that Federal Reserve Chairman Ben Bernanke required a face-to-face refresher course from hedge fund managers in mid-August.”

   - Bill Gross, manager of the world’s largest bond manager Pimco

   January 15th, 2008 at 5:14 pm

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10. plunger says:

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    I hope he’s not getting paid by the word…

    “SELL!”

    This guy needs to be waterboarded about his role in creating the last two bubbles – on behalf of the Banksters.

    He never worked for you. NEVER.

    January 15th, 2008 at 5:20 pm

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11. 2MillionLightYearsToAndromeda says:

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    From Paul Krugman, NY Times

    The Subprime Crisis:

    Why was this allowed to happen? At a deep level, I believe that the problem was ideological: policy makers, committed to the view that the market is always right, simply ignored the warning signs. We know, in particular, that Alan Greenspan brushed aside warnings from Edward Gramlich, who was a member of the Federal Reserve Board, about a potential subprime crisis.

    And free-market orthodoxy dies hard. Just a few weeks ago Henry Paulson, the Treasury secretary, admitted to Fortune magazine that financial innovation got ahead of regulation — but added, “I don’t think we’d want it the other way around.” Is that your final answer, Mr. Secretary?

    January 15th, 2008 at 5:22 pm

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12. RUCerious says:

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    Hey, go easy here. Dr. Greenspan has a PHD in gobbledy-gook-speak.

    January 15th, 2008 at 5:22 pm

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13. Doc Rock says:

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    Thanks, Al, for bursting the dot com bubble, too, in the name of fighting “possible” inflation!

    January 15th, 2008 at 5:28 pm

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14. wisedup says:

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    Alan Greenbacks, mama must need a facelift again.

    ‘After the money,they want POWER’…. Dr.Common Sense.

    January 15th, 2008 at 5:30 pm

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15. celtic cynic says:

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    Since leaving the Fed (or was he forced out?), he has disavowed any responsibility for creating pr contributing to the housing/subprime mess.
    What a great American!

    January 15th, 2008 at 5:31 pm

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16. had enough says:

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    Alan Greenspan has made many rich while bringing America to it’s knees. We should be very worried about anyone accepting corporate funds, one that is in the loop with Bush Sr. and MSM…. Hillary.
    Bush Sr. has an agenda, even gave a speech on New World Order 9/11/91… B. Clinton who has become good friends with Bush Sr. is becoming a little too upset about his wife possibly not getting the nomination.
    see, hear Bush’s speeches on New World Order
    Greenspan and the Bush Crime Family have trashed out country’s economy… for this I feel we need to stay away from ANYONE associated with these thugs.

    January 15th, 2008 at 5:36 pm

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