Monday, September 17, 2007

Today's Thread

 BS


I KNEW this was BS when it popped up Friday ...
(Drudge is nothing more than a gossip anymore)
And so it was ....  Greenspan didn't 'Back off," so much as correct news accounts that saw in his statement what they wanted to see. 
9/17/2007 09:41:00 AM 3 Comments

"If the number of Islamic terror attacks continues at the current rate, candlelight vigils will soon be the number-one cause of global warming. "
Argus Hamilton


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3 comments:

Anonymous said...

And back in '04 Greenspan extolled the virtues of adjustable rate mortgages right before the fed ratcheted up the cost of money.
http://moneycentral.msn.com/content/P73977.asp

9/17/07, 10:42 AM
Anonymous said...

I was told recently that the adjustable rate mortgage was originally invented for "flippers" who planned on rolling into something else after they'd remodeled the place. Then it became common, then a scam, and now it's just another scandal, like the S&Ls, etc. There's another side to it, though: it's still a CAVEAT EMPTOR world, and I don't see where my tax money should go for bailouts.

9/17/07, 1:10 PM
Anonymous said...

From Grant's Interest Rate Observer: Readers of The New York Times may refuse to believe it, but Iraq has turned into a capital magnet. The only thing stronger than the Iraqi currency is the Baghdad stock market.

9/17/07, 2:10 PM

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