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Thread: Greenspan does a 180

  1. #1
    Join Date
    Apr 2004
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    Greenspan does a 180

    It looks more and more like Greenspan has publicly pledged political loyalty to the current administration. He endorsed the 4% private retirement accounts and public debt to facilitate that Ponzi scheme.

    http://story.news.yahoo.com/news?tmp...i_ge/greenspan

    Considering public emotion regarding SS, obtaining congressional support for the scheme will prove to be a very rough road. As being reflected by equity market reactions every time the subject makes the news. While it would be a windfall bonanza for brokerage firms, even the general public has grave doubts about its feasibility. That's a real first.
    These are my principles. If you don't like them I have others. ~Groucho Marx~

  2. #2
    Join Date
    Apr 2005
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    I think Greenspan has had a long and illustrious career, but it's time to step down.

    (Read: he's too old, and isn't anything but the front man for the people in shadow behind him)

  3. #3
    fracas Guest
    Quote Originally Posted by georged
    It looks more and more like Greenspan has publicly pledged political loyalty to the current administration. He endorsed the 4% private retirement accounts and public debt to facilitate that Ponzi scheme.
    maybe W got the idea from Greenspan

    Quote Originally Posted by georged
    Considering public emotion regarding SS, obtaining congressional support for the scheme will prove to be a very rough road. As being reflected by equity market reactions every time the subject makes the news. While it would be a windfall bonanza for brokerage firms, even the general public has grave doubts about its feasibility. That's a real first.
    why would it be a windfall for brokerage firm?
    and if so wouldn't it be an even bigger windfall for the publically traded sector as a whole?

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