| Subject: | FWC -- Alan Newman: "Greenspan Was Wrong, We Were Correct" |
|---|---|
| Date: | Wed, 8 Sep 2010 17:21:03 -0700 |
| From: | Jas Jain |
"Former Fed Chairman Alan Greenspan assured us for years that rapid growth in derivative products was necessary for sustained robust economic growth."
http://www.cross-currents.net/charts.htm
Greenspan and Bernanke were big supporters of securitization of mortgage debt and other financial innovations (a codeword for fraud), that is, until 2007. Since then they have been quiet on the subject. These two have been the nightmare, for 23 years and counting!, that Americans must contend with. They must be prosecuted for crimes against the American People if Americans are serious about changing the ruinous course that America is on. They have proven to be sworn agents of Financial Nazis of America (some of us never had any doubts, especially, since 1997) and these two were selected because they could be depended upon to protect the interests of Financial Nazis when the push came to shove. I had made that clear before the Crisis of 2007. The system that gave Greenspan and Bernanke dictatorial powers is a bad system and a bad system guarantees bad outcomes. How long are Americans going to live with a bad system? As if they have a choice. Crooks that selected Greenspan and Bernanke control the choices because they do control both parties to cover all the bases. Tea Party, or Coffee Party, the American People are politically impotent and there is no change in sight. It would take the Greater Civil War to overthrow the bad system that is firmly entrenched.
Jasrklindstrom/Gifts.html
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