Friday, November 23, 2007

Bubble Man - hurrah! - enjoy!

My thanks to my dear friend Sabine McNeill for the following sweet piece of music, humour - and nourishment - at


For your blog, John:

In case you were worried about him, don't.

Former Federal Reserve Bank Chairman Alan Greenspan says he "has no regrets."

Some recent quotes from the "Maestro."

* "The housing bubble is not a reflection of what we did, as it is a global phenomenon."

* The collapse of the U.S. subprime market "was a shocker because no one expected it."

(Sure. Defaults on no money down, no income verification homes loans are a big surprise.)

* The rout in the market for subprime loans "is over"
because it "went to zero and cannot go any further."

Yes, this is the level of intellect that managed the US money supply in the late 80s, 90s and the first half of this decade.

I wonder if we're going to find out later that, like Ronald Regan, Alan Greenspan was senile for most of his time at the top.

A musical tribute to "Big Al", the Bubbleman, just in time for the holidays.


- Brasscheck

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With best wishes for your blogging elbows,


Publisher, Green Credit for Green Growth

Initiator, Climate Monitoring Project

Organiser, Forum for Stable Currencies


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