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October 23, 2008 at 10:03 PM #292490October 23, 2008 at 11:21 PM #292124waiting hawkParticipant
/waves
October 23, 2008 at 11:21 PM #292447waiting hawkParticipant/waves
October 23, 2008 at 11:21 PM #292475waiting hawkParticipant/waves
October 23, 2008 at 11:21 PM #292484waiting hawkParticipant/waves
October 23, 2008 at 11:21 PM #292521waiting hawkParticipant/waves
October 24, 2008 at 7:52 AM #29218334f3f3fParticipant[quote=coxapple]Christopher Cox, chairman of the Securities and Exchange Commission, defended himself, saying that virtually no one had foreseen the meltdown of the mortgage market.
It would be useful / interesting to assemble list of those who did before July 07.[/quote]
I also saw this on C-Span and was amazed at the sheer gall of people like Greenspan, and the former treasury secretary (?) who seemed adamant that they didn’t see this coming, or as Greenspan put it, couldn’t have “predicted” it. Cox was a little more forthright, and pointed the finger at regulations, or lack thereof being the primary cause. So from that, we are to read that they saw it coming, but nobody had the authority to stop it …and of course we all know how hard they tried π It just seems too many were making too much, and cared too little for the consequences.
October 24, 2008 at 7:52 AM #29250734f3f3fParticipant[quote=coxapple]Christopher Cox, chairman of the Securities and Exchange Commission, defended himself, saying that virtually no one had foreseen the meltdown of the mortgage market.
It would be useful / interesting to assemble list of those who did before July 07.[/quote]
I also saw this on C-Span and was amazed at the sheer gall of people like Greenspan, and the former treasury secretary (?) who seemed adamant that they didn’t see this coming, or as Greenspan put it, couldn’t have “predicted” it. Cox was a little more forthright, and pointed the finger at regulations, or lack thereof being the primary cause. So from that, we are to read that they saw it coming, but nobody had the authority to stop it …and of course we all know how hard they tried π It just seems too many were making too much, and cared too little for the consequences.
October 24, 2008 at 7:52 AM #29253534f3f3fParticipant[quote=coxapple]Christopher Cox, chairman of the Securities and Exchange Commission, defended himself, saying that virtually no one had foreseen the meltdown of the mortgage market.
It would be useful / interesting to assemble list of those who did before July 07.[/quote]
I also saw this on C-Span and was amazed at the sheer gall of people like Greenspan, and the former treasury secretary (?) who seemed adamant that they didn’t see this coming, or as Greenspan put it, couldn’t have “predicted” it. Cox was a little more forthright, and pointed the finger at regulations, or lack thereof being the primary cause. So from that, we are to read that they saw it coming, but nobody had the authority to stop it …and of course we all know how hard they tried π It just seems too many were making too much, and cared too little for the consequences.
October 24, 2008 at 7:52 AM #29254434f3f3fParticipant[quote=coxapple]Christopher Cox, chairman of the Securities and Exchange Commission, defended himself, saying that virtually no one had foreseen the meltdown of the mortgage market.
It would be useful / interesting to assemble list of those who did before July 07.[/quote]
I also saw this on C-Span and was amazed at the sheer gall of people like Greenspan, and the former treasury secretary (?) who seemed adamant that they didn’t see this coming, or as Greenspan put it, couldn’t have “predicted” it. Cox was a little more forthright, and pointed the finger at regulations, or lack thereof being the primary cause. So from that, we are to read that they saw it coming, but nobody had the authority to stop it …and of course we all know how hard they tried π It just seems too many were making too much, and cared too little for the consequences.
October 24, 2008 at 7:52 AM #29258134f3f3fParticipant[quote=coxapple]Christopher Cox, chairman of the Securities and Exchange Commission, defended himself, saying that virtually no one had foreseen the meltdown of the mortgage market.
It would be useful / interesting to assemble list of those who did before July 07.[/quote]
I also saw this on C-Span and was amazed at the sheer gall of people like Greenspan, and the former treasury secretary (?) who seemed adamant that they didn’t see this coming, or as Greenspan put it, couldn’t have “predicted” it. Cox was a little more forthright, and pointed the finger at regulations, or lack thereof being the primary cause. So from that, we are to read that they saw it coming, but nobody had the authority to stop it …and of course we all know how hard they tried π It just seems too many were making too much, and cared too little for the consequences.
October 24, 2008 at 8:26 AM #292193CDMA ENGParticipant[quote=capeman]Then they need to reevaluate what PhDs/MBAs from Ivy League business schools are worth. Since most of these fools in power who have them didn’t have the common sense of the armchair economist Bloggers who foresaw this. All that we needed was a fraction of the data the government has access to and a little insight and common sense to put it all together.
Bernanke, Paulson, Cox, Bair, Pres. Clinton and Greenspan should all have their degrees revoked for this. I’d add Bush to the list but I don’t know if he actually has a degree… [/quote]
I was just saying this to some fellows around the office yesterday in regards to the above.
“I wish our country could return to a time when I felt that our leaders, financial or govermental, were smarter than us (meaning the general population).”
It probably never existed but what horse shit these guys are exhuding. Dr. Doom (Schiff) was one of the few mainstream’ers that was calling it and many arm chair analyst were also.
I guess we can trust no one but ourselves anymore.
Take Care,
Oink,
CE
October 24, 2008 at 8:26 AM #292517CDMA ENGParticipant[quote=capeman]Then they need to reevaluate what PhDs/MBAs from Ivy League business schools are worth. Since most of these fools in power who have them didn’t have the common sense of the armchair economist Bloggers who foresaw this. All that we needed was a fraction of the data the government has access to and a little insight and common sense to put it all together.
Bernanke, Paulson, Cox, Bair, Pres. Clinton and Greenspan should all have their degrees revoked for this. I’d add Bush to the list but I don’t know if he actually has a degree… [/quote]
I was just saying this to some fellows around the office yesterday in regards to the above.
“I wish our country could return to a time when I felt that our leaders, financial or govermental, were smarter than us (meaning the general population).”
It probably never existed but what horse shit these guys are exhuding. Dr. Doom (Schiff) was one of the few mainstream’ers that was calling it and many arm chair analyst were also.
I guess we can trust no one but ourselves anymore.
Take Care,
Oink,
CE
October 24, 2008 at 8:26 AM #292545CDMA ENGParticipant[quote=capeman]Then they need to reevaluate what PhDs/MBAs from Ivy League business schools are worth. Since most of these fools in power who have them didn’t have the common sense of the armchair economist Bloggers who foresaw this. All that we needed was a fraction of the data the government has access to and a little insight and common sense to put it all together.
Bernanke, Paulson, Cox, Bair, Pres. Clinton and Greenspan should all have their degrees revoked for this. I’d add Bush to the list but I don’t know if he actually has a degree… [/quote]
I was just saying this to some fellows around the office yesterday in regards to the above.
“I wish our country could return to a time when I felt that our leaders, financial or govermental, were smarter than us (meaning the general population).”
It probably never existed but what horse shit these guys are exhuding. Dr. Doom (Schiff) was one of the few mainstream’ers that was calling it and many arm chair analyst were also.
I guess we can trust no one but ourselves anymore.
Take Care,
Oink,
CE
October 24, 2008 at 8:26 AM #292554CDMA ENGParticipant[quote=capeman]Then they need to reevaluate what PhDs/MBAs from Ivy League business schools are worth. Since most of these fools in power who have them didn’t have the common sense of the armchair economist Bloggers who foresaw this. All that we needed was a fraction of the data the government has access to and a little insight and common sense to put it all together.
Bernanke, Paulson, Cox, Bair, Pres. Clinton and Greenspan should all have their degrees revoked for this. I’d add Bush to the list but I don’t know if he actually has a degree… [/quote]
I was just saying this to some fellows around the office yesterday in regards to the above.
“I wish our country could return to a time when I felt that our leaders, financial or govermental, were smarter than us (meaning the general population).”
It probably never existed but what horse shit these guys are exhuding. Dr. Doom (Schiff) was one of the few mainstream’ers that was calling it and many arm chair analyst were also.
I guess we can trust no one but ourselves anymore.
Take Care,
Oink,
CE
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