[DB]

And it can be laid at his feet.

[coloradan]

And why might that be, Greenie? Any idea? Any idea at all?

[ClearCase_guy]

Is he taking the credit? [no pun intended]

[central_va]

the market will close up 200 pts by the end of the day.

[1rudeboy]

It’s pretty darn clear that Greenspan needs to shut up. Someone needs to remind him he’s no longer in charge, and now only making things more difficult for Bernanke. (And it won’t be his wife—she’s probably the conduit).

[Eurale]

Actually, the most troubling thing is that Greenspin is married to that goatnosed Andrea Mitchell.

[Content Provider]

It wasn’t all too long ago when Greenspan was considered a minor deity of finance, and anyone who disagreed with him was considered a full-blown mental patient.

How times change!

[aruanan]

And how much of this can be attributed to Algore and the effects of his Kyoto Krap on financial planning?

[Slapshot68]

Mr. Greenspan’s comments were paid for by the Democratic National Committee.

[Just mythoughts]

How old is this guy.... I guess unlike generals that fade, currency guys NEVER go away. Sure got to wonder if Greenspam’s pocket book has taken a huge hit, guess we will find out by how gloomy Andrea's reporting come across in the following days.

[Obadiah]

So, basically, Greenspan blames the current financial credit rating mechanisims as not adequately evaluating risk, huh? Funny how no where in his expose does he mention that while HE was Fed Chair he left the rate at 1% for waaay too long, and as a result created the credit feeding frenzy that led to this mess.

[MEGoody]

Oh, please. Such hyperbole. I guess Greenspan wasn’t around during the Carter years.

[Mikey_1962]

Worse than 1982?

1982-12-01 Unemployment Rate: 10.8%

[AndyJackson]

The models used by the finance industry to determine risk and measure economic strength are too simple to fully account for human responses, he said. "We cannot hope to anticipate the specifics of future crises with any degree of confidence," he [Greenspan] wrote.

Last time he opened is yap on the subject these models were the bees knees. This is probably the closest to a public confession we are ever going to get from the Grand Wizard of the DC sewarage system.

[jjw]

oh shutup Greenspan and go back to building your Houses for Humanity — oops, wrong commie.

[Hacklehead]

The market is now open. Let the panic begin!

[wideawake]

He’s done enough damage. Why is he still alive and annoying us?

[VRWCmember]

Today's economic condition could likely be seen as "the most wrenching since the end of the second world war," wrote former Federal Reserve chairman Alan Greenspan in the Financial Times on Monday.

Bull-shiite! Greenspan is certainly old enough to remember the economic conditions under Carter. This is a picnic compared to that. Alzheimer Alan needs to shut his yapping piehole.

[Condor51]

He should know - he started it.

[ottbmare]

Shut up, Alan. You caused half the problems yourself.