He new what he was doing. And he deserves to be blamed for the Housing Bubble, because he kept interest rates too low.

However, the bank failures and such, I'm going to give him a pass. The government should have stepped in and started regulating Credit Default Swaps, but it was hardly just Greenspan's job to do so.

"He showed a resolute faith that those participating in financial markets would act responsibly"

Ha!

How did America give this guy so much power? Why was America in a position where he could screw things up at all? This goes back to the Federal Reserve system - a complete unconstitutional disaster. We essentially have to pay private banks for the privilege of having our national currency. Ridiculous. And they get to decide how much to charge us.

I also get mad at NBC for letting Andrea Mitchell report on anything involving Greenspan - which means the financial mess - when she's married to the guy.

But I really hate the way movies like "Freedom to Fascism" predicted so much of this.

I like the way movies like "Zeitgeist" predicted so much of this. (Watch it here, now.)

I hate the way narrow-minded persons cripple their life upside by downcasting themselves from watching it.

It'd be so much better life if we all spoke a common language of Truth. We'd be free.

Excellent article on derivatives. In a recent talk with Charlie Rose, Warren Buffet said he actually lost money on a company he dealt with because he had to get out of the financial instruments (derivatives) part of the business that they engaged in. Buffet claimed he doesn't understand many of these complex financial tools so he kept Berkshire Hathaway out of their potentially lethal sphere of influence. I think Buffet is kidding us when he says he doesn't understand these things--aren't they really a high-falootin type of Ponzi scheme?