News and Politics | October 23, 2008 | Comment on this video (2)

Greenspan is Shocked

VSiskos
While the economy continues to decline the number of government officials, financial experts and other interested persons who are willing to articulate just how bad things are going seems to be on the rise. Add to that list Former Federal Reserve Chairman Alan Greenspan who defined the current economic situation as a "once-in-a-century credit tsunami." Greenspan was the Chairman of the Federal Reserve for over 18 years until being succeeded by the current Chairman, Ben Bernanke, in 2006.
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2 comments // Greenspan is Shocked // Video

  • trth2pwr
    • 0
      trth2pwr  

    • Just to remind everyone, this old fart greenspan was appointed by reagan in 1987. Big surprise he was wrong with his so-called premise of economics. Also, he lives very well in his retirement even though his policies have caused the greatest failure since the 1929 crash. Maybe we need to cease his finances and apply these to the bailout instead. Hope he dies a painful one.

    • 3 years ago
  • jc911truth
    • 0
      jc911truth  
    • Image

    • Greenspan is one of the
      10 Most Wanted Culprits of the Collapse

      Greenspan recommends raising the retirement age

      By KEVIN G. HALL Knight Ridder Newspapers

      WASHINGTON — Federal Reserve Chairman Alan Greenspan told Congress on Tuesday to consider raising the retirement age to help fix Social Security's funding problems.

      He also made it clear that benefit cuts should be part of any solution.

      Greenspan also told the Senate Select Committee on Aging that lawmakers should give themselves a deadline of 2008 to fix the system. That's when the first wave of 76 million baby boomers will begin to retire.

      Over the past two months, Greenspan has walked a fine line in testimony before several House and Senate panels, offering advice but stopping short of specific recommendations. On Tuesday, the respected central bank chief offered more direction, such as saying it was logical to have older people work longer.

    • 3 years ago
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