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Author: Subject: THe most powerful man in America that is retired says...
clevohardcore
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[*] posted on 10-23-2008 at 02:06 PM
THe most powerful man in America that is retired says...


http://ap.google.com/article/ALeqM5jSSJzC1UNusL4eW21xsZ7HJcM...





This man had/has more power in his index finger than the president does for 2 terms.




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BDx13
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[*] posted on 10-23-2008 at 02:29 PM


a lot of people blame hi for the current crisis.

this was an interesting line and the fundamental problem, i believe:
Greenspan, who headed the nation's central bank for 18 1/2 years, said that he and others who believed lending institutions would do a good job of protecting their shareholders are in a "state of shocked disbelief."

people can't be trusted. putting that much power and that much money in front of someone without a firm regulating body is just too much temptation.





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[*] posted on 10-23-2008 at 02:45 PM


I agree, BD. Someone's gotta keep things in check, especially when you're talking about something that has such a huge influence on the economy.
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[*] posted on 10-23-2008 at 02:53 PM


people can't be trusted

main reason why real communism will never work...
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clevohardcore
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[*] posted on 10-23-2008 at 03:07 PM


I have no answers or I am not championing Greenspan. All I'm saying is that dude sneezes and everyone listens. Even when he's gone people still want his input.



Each aspect of the soul has it's own part to play, but the ideal is harmonious agreement with reason and control.
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