gunDriller
23rd October 2013, 04:00 PM
http://www.cnbc.com/id/101131921
I believe the correct Jewish word is "Putz". He's a Criminal Putz who is treated like a Nobel Prize Winner (not unlike Kissinger, who is a Nobel Prize Winner, despite his solid war criminal credentials.)
"For 18½ years as Federal Reserve chairman, he was celebrated for helping drive a robust U.S. economy. Yet in the years after he stepped down in 2006, he was engulfed by accusations that he helped cause the 2008 financial crisis—the worst since the 1930s.
Now, Alan Greenspan has struck back at any notion that he—or anyone—could have known how or when to defuse the threats that triggered the crisis. He argues in a new book, "The Map and the Territory," that traditional economic forecasting is no match for the irrational risk-taking that can inflate catastrophic price bubbles in assets like homes or tech stocks."
Brookesley Born (CFTC head, like Gensler) tried to regulate credit derivatives. She communicated very clearly about counterparty risk problems and how derivatives could create massive unhedged real risk, with "domino effect" potential to cream the world economy.
Coming down on Ms. Born like a ton of bricks (during the Clinton Admin.) - Greedspan, Summers, Rubin (3 Jewish un-wise men).
Ms. Born resigned. I'm thinking maybe she got a chance to sleep better after she resigned.
Greedspan was completely clued in about the dangers of credit derivatives. But his Jew cronies stood to make $Trillions in service fees on the fake insurance they were selling.
I believe the correct Jewish word is "Putz". He's a Criminal Putz who is treated like a Nobel Prize Winner (not unlike Kissinger, who is a Nobel Prize Winner, despite his solid war criminal credentials.)
"For 18½ years as Federal Reserve chairman, he was celebrated for helping drive a robust U.S. economy. Yet in the years after he stepped down in 2006, he was engulfed by accusations that he helped cause the 2008 financial crisis—the worst since the 1930s.
Now, Alan Greenspan has struck back at any notion that he—or anyone—could have known how or when to defuse the threats that triggered the crisis. He argues in a new book, "The Map and the Territory," that traditional economic forecasting is no match for the irrational risk-taking that can inflate catastrophic price bubbles in assets like homes or tech stocks."
Brookesley Born (CFTC head, like Gensler) tried to regulate credit derivatives. She communicated very clearly about counterparty risk problems and how derivatives could create massive unhedged real risk, with "domino effect" potential to cream the world economy.
Coming down on Ms. Born like a ton of bricks (during the Clinton Admin.) - Greedspan, Summers, Rubin (3 Jewish un-wise men).
Ms. Born resigned. I'm thinking maybe she got a chance to sleep better after she resigned.
Greedspan was completely clued in about the dangers of credit derivatives. But his Jew cronies stood to make $Trillions in service fees on the fake insurance they were selling.