February 10, 2009

You've lost your house. You've lost your job. You've lost all your savings. I think it's important you realize, above all, who's to blame.

38 comments:

Anonymous said...

That is the **** who put the ' in F'ed. As in "We are now **** "

Mitesh Damania said...

"Suck on the subprime ya'll!"

PS: I'm still correct in my assertions.

Anonymous said...

why isn't he in jail?Tar and feathering in order?

Anonymous said...

He should be beaten like a pinata!

Anonymous said...

Alan says:
C'mon, Andrea, honey, give Big Al a little sugar!

Andrea says:
Oh, Alan, you big hunk of man, you. Is that a wad of money in your pocket or are you just happy I'm home from the studio?

Anonymous said...

What I find so perplexing about this goon is how did he go from being one of Ayn Rand's buddies and part of her clique to becoming like a villain in one of her anti-Socialist novels?

Anyone have an answer to that?

-Gonzo

Anonymous said...

Felony Arrest Anyone?

DIE PIGS

Anonymous said...

Al-Queeferonio.

I thouht we already settled this one many times.

"CHEAP" MONEY DID NOT CREATE THE "EASY" MONEY.

of all places you'd think x-HPers would know that.

blogger said...

It wasn't the cheap money.

It was the abdication of duty to oversee.

The Fed was responsible for monitoring and regulating the shadow banking system. And Greenspan decided that he didn't want to do that.

You can fault Congress for outsourcing the power to the Fed.

But at the end of the day, it all rests with Greenspan.

Too cheap money, combined with no oversight, crashed the worldwide financial system.

And he ruined lives. Maybe even more than fellow-Presidential-medal-of-honor-winner Paul Bremer.

Anonymous said...

What?

I thought it was
Bush
Realtors
Mortgage scammers
FBers
Baaaad bankers
REIC
Cheney
Appraisers
China importers
Ilegals
Bush again
Orangezilllo
The MSM
NAR
PONZI investment companies

Lets just blame someone, geee
Anyone but ourselves.

After all this funny looking dude did hold a gun to FBers heads and forced them to take on more debt then they can afford.

Anonymous said...

Keefer,

you're confusing the SEC job with the FED

Mac10 said...

Let's play the Blame Game. There is certainly more than enough blame to go around.

But why stop at Greenspan? I don't recall Greenspan making hundreds of millions of dollars off of securitized mortgages.

Big money owns and runs this country. The stooge bureaucrats (Greenspan, Bernanke etc.) were just doing their masters' bidding...

Anonymous said...

Between 2003 and 2006:

The Greenspan Fed continued raising the FED-Rate.

The Greedy lenders continued lowering the 30-year fixed mortgage rates

*Mr. Greenspan named this odd phenomenon a ‘CONUNDRUM'

*what he did not understand was how the usual greedy lenders were lending on potential lower margins

Anonymous said...

But, but but.. Rates are lower now then they were any other time in our lifetimes yet Housing prices aren’t going up?

Anonymous said...

We all remember when the Realwhores were scaring us with ‘rates are at record lows’ Now is the time to buy.

And we all said “ I would not pay a half-a million dollars for this crap box’ even on zero % APR

So even though low rates was one of the lies by the REIC it was not the cause for the Housing mania.

Anonymous said...

So, 4x4 Concrete pads in Moscow, Berlin, London Spain, Bulgaria, Dublin, Greece, etc. went for several million Euros and

Its “coke glasses Greenspans” fault?

Keefer; you’ve been spending way too much time in BBC land.

Anonymous said...

Kieth:

You should have had a picture of a mirror.

Anonymous said...

It's all part of the plan for World Government:

Walter Cronkite Receives the Award for Global Governance

at the hand of Satan.

Anonymous said...

"You've lost your house. You've lost your job. You've lost all your savings. I think it's important you realize, above all, who's to blame."

Ah, yes. Fixing blame. Must do.

OK, done. Glad that didn't take long, since the world stops for no one.

Anonymous said...

I didn't, I didn't, I didn't, and I don't have to.

Next emotionally retarded loser, please!

I do have to hand it to your blog, though. You and most of the people who comment sure make me glad to be me. You should try it sometime! You'll probably have to look a while for someone sorrier than you, so you might want to pack a lunch before you go out on that journey.

Anonymous said...

The fact that this guy has not been arrested yet, showed how utterly fucked our system is.

I have a feeling the game has been fixed for a longer time than any of us could guess.

Anonymous said...

In the oven you Go.

Anonymous said...

Ah, the quintessential baby boomer, Alan Greenspan, who single-handedly destroyed the world!

I agree with foxy, anyone but ourselves is to blame. Time for Americans to wake up and have a good look at the stomach lining of the beast that they've been living in. And a look in a mirror to see who has been keeping it alive and well.

Anonymous said...

He created the bubble, encouraged it, denied it, and wants a bailout for it. Now he needs to be hauled off to jail.

Anonymous said...

"You've lost your house. You've lost your job. You've lost all your savings. I think it's important you realize, above all, who's to blame."

Yup. The poster boy for the Libertarian New World Order, Alan
Greenspan.

Anonymous said...

Seriously, how perfect is the symbolism of the Mitchell-Greenspan marriage?

You have the smart, friendly, respectable face of the conventional media who works for GE, one of the largest defense contractors in the world, who happens to hold more toxic derivatives than most banks. And she is married to the leader of the largest banking cartel in the history of Man.

Wasn't there a day where the news folks were so tough and skeptical that a person with the power of Greenspan could never feel comfortable around someone like Mitchell, a serious reporter with a huge audience?

These days, when people say the media and world's power brokers are "in bed together", they are speaking literally.

Anonymous said...

What I find so perplexing about "this goon is how did he go from being one of Ayn Rand's buddies and part of her clique to becoming like a villain in one of her anti-Socialist novels?

Anyone have an answer to that?

-Gonzo"

big dummy! her heroes are the goons. Her crap is just another myth for the stupid and poor to make them look up to those that are stealing from them. big dummy!

Anonymous said...

Adolph was RIGHT?

Seig Heil.

Anonymous said...

It should be Reagan in that photo.

Anonymous said...

i see a lot of houses at 70 percent off and demanding... buys.....how will the local tax collectors with their unfunded but forced spendings by the feds continue on if they had to cut spendings 70 percent because of lower tax tax evaluations

Anonymous said...

tons of unfunded mandates (forced spending rulings) placed on local governments/taxpayers by (foreign dictators)/feds that must be paid by property tax revenues that would decrease with 70 percent declining evaluations...;.



















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Anonymous said...

do not mean to confuse the feds and the fed

Anonymous said...

We're so f***ed.

Volkner can't even help us now.

Miss Goldbug said...

I knew something was wrong when I head Greenspan say buyers should use "adjustable rate mortgages to buy homes"

I did a double take with that statement.

Look where it got us.

Anonymous said...

Why is bastard greenspan not in jail?

Anonymous said...

Hey! What about Osama Bin Laden? I blame him directly. 9-11 was the direct reason Greenspan dropped rates so low - thus the borrowing frenzy / subprime implosion etc.. I do not hear anyone talking about this connection. That f*** Bin Laden succeded whether we want to admit it or not. He wanted to take out our financial system and he has done just that. A dude in a cave and 19 Saudis have brought us to our knees.

Anonymous said...

Hey! What about Osama Bin Laden? I blame him directly. 9-11 was the direct reason Greenspan dropped rates so low - thus the borrowing frenzy / subprime implosion etc.. I do not hear anyone talking about this connection. That f*** Bin Laden succeded whether we want to admit it or not. He wanted to take out our financial system and he has done just that. A dude in a cave and 19 Saudis have brought us to our knees.

Anonymous said...

The Wall Street greed machine took the global money supply and filtered it into real estate and leveraged the shit out of it ,along with the Credit Default swaps .How would any one know ,unless they were lenders and realtors and loan liars that the loans were fake ?

Greenspan acted like he couldn't control the world of lending ,but his slow gradual raising of the interest rates was stupid . The moment the market looked to heated up he should of raised the Fed rate 5 point overnight .It was clear that real estate had turned speculative .

The entire Business World was benefiting from this credit financed boom .

This cat was a dumb shit not to
see a over heated market Part of the job of the Feds is to prevent this sort of mania .

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