The after effect of the Alan Greenspan era has taken its toll on this GREAT NATION in the worst possible way, and not to my surprise. Bankruptcy, foreclosures, unemployment are the predominant wordings in all news media. To date I cannot interpret or understand the language Mr. Greenspan utilized to address the nation economical position while he was at the head of the Federal Reserve Bank
Now, my question is where all the GOVERNMENT Bureaucracy such as the BANK REGULATORS were, in regards to the shady HOME LOANS? They should have been the first ones to cry wolf when this fiasco was taking place.
Our society has a tendency of rewarding failure. So Mr. Greenspan has nothing to worry about. The ones that are in great pain and suffering are the 2.2 million home owners that are dealing with foreclosures, loss of jobs due to business closings, out off control medical care cost, and other endless situations.
The value of the dollar has now joined the above stated situation. Our dollar is at its lowest in several decades, thus putting us in a very awkward situation in the international markets. To the lay person, in simple English we are up-side down in everything.
However; there is a silver lining to all adverse situations. WE GET TO KEEP OUR MONOPOLY DOLLARS AT HOME. Believe me; our situation will influence foreign investors.
We have to be careful and demand that our savvy caretakers speak in layman language, and not in terms that we do not understand. Reason, we pay the tab; and to the current FEDERAL RESERVE head, pumping forty billion dollars and cutting interest rate was not the solution to our current situation.
Remember, you heard it here first. ALSO, MATHEMATICAL PROJECTIONS conflicts with reality in some instances.
Now, my question is where all the GOVERNMENT Bureaucracy such as the BANK REGULATORS were, in regards to the shady HOME LOANS? They should have been the first ones to cry wolf when this fiasco was taking place.
Our society has a tendency of rewarding failure. So Mr. Greenspan has nothing to worry about. The ones that are in great pain and suffering are the 2.2 million home owners that are dealing with foreclosures, loss of jobs due to business closings, out off control medical care cost, and other endless situations.
The value of the dollar has now joined the above stated situation. Our dollar is at its lowest in several decades, thus putting us in a very awkward situation in the international markets. To the lay person, in simple English we are up-side down in everything.
However; there is a silver lining to all adverse situations. WE GET TO KEEP OUR MONOPOLY DOLLARS AT HOME. Believe me; our situation will influence foreign investors.
We have to be careful and demand that our savvy caretakers speak in layman language, and not in terms that we do not understand. Reason, we pay the tab; and to the current FEDERAL RESERVE head, pumping forty billion dollars and cutting interest rate was not the solution to our current situation.
Remember, you heard it here first. ALSO, MATHEMATICAL PROJECTIONS conflicts with reality in some instances.
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