I’m thinking about making a movie. I may need help with the plot 😉
Here’s the beginning.
(I’d love to be a fly on the wall when these big boys are together.
I firmly believe that what they say in public and and what they really think is 180 degrees difference)
I still remember when Greenspan uttered “irrational exuberance” why he didn’t say… You folks are insane idiots for paying the prices for these worthless stocks.
Ya gotta know that’s what he was thinking, and wanted to say.
SO… Just suppose, Bernanke calls Greenspan before his first speech and says, “UM,, Al,, How ya doin,, It’s Ben.
Ummm,, Do I tell those whackjobs in CA that they are being stupid paying that kind of money for stucco boxes ?”
AL says, “Ben, are you kidding me? I shouldn’t be telling you this, but my blind trust is long all the home builders, it’s not too late to get in on the action” So Ben says,. “OH OH,, OK,, AL. thanks, got it. UMM can I utter ‘irrational exuberance’ ?”
Al says ” Ben, you’re a big boy, just keep talking and tell them that you will be monitoring the situation and will watch it closely,, and ALWAYS add ‘We are doing EVERYTHING that we can’ It’s a great line to use, people think that ya mean it. The longer you talk, the fewer people listen, and even less understand. Kudlow and Cramer will argue over each word later, DON’T WORRY”
Ben says “OK OK,, Thanks AL..”
Al says “Ben,, two more things, get in on those homebuilder stocks, I’m telling you, It’s not too late”
Ben “OK AL. what’s the 2nd thing”
Al says “Oh ya..if that Maria from CNBC asks for an interview, do it Ben, she’s a cutie”