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Greenspan says dump Dodd-Frank

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  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 116,174 Founders Club
    We should elect Hillary based on her Middle East success.

    Huh?
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  • AZDuck
    AZDuck Member Posts: 15,468
    RaceBannon said:

    We should elect Hillary based on her Middle East success.

    Huh?

    I think Hillary's record as SoS is absolutely fodder for her candidacy.
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  • PurpleThrobber
    PurpleThrobber Member Posts: 48,900 Standard Supporter
    AZDuck said:

    RaceBannon said:

    We should elect Hillary based on her Middle East success.

    Huh?

    I think Hillary's record as SoS is absolutely fodder for her candidacy.
    She's going to play the "I was just doing my job/ what Obama told me to do" card.

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  • AZDuck
    AZDuck Member Posts: 15,468
    PurpleThrobber said:

    AZDuck said:

    RaceBannon said:

    We should elect Hillary based on her Middle East success.

    Huh?

    I think Hillary's record as SoS is absolutely fodder for her candidacy.
    She's going to play the "I was just doing my job/ what Obama told me to do" card.

    That's fine. And people can judge her leadership based upon that if she does.
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  • HFNY
    HFNY Member Posts: 5,626
    Sure Greenspan left rates too low for too long but how does that invalidate his sensible opinion piece on Dodd-Frank?

    And the SEC should be responsible for regulating CDS, not the Fed.

    Lastly Carter started the process of misallocating capital to the residential housing sector, Clinton foolishly put it on steroids, and W. Bush screwed up by continuing it ("ownership society") before trying to reverse course but it was largely too late.

    The home mortgage interest deduction and all of the various Federal Agencies that exist to offer credit are the bigger distortions / misallocation of capital around.
    AZDuck said:

    Greenspan is a dumbass and should not be listened to on any topic of importance. That's how wrong and dumb he was about the 2008 financial crash.

    Alan Greenspan, once viewed as the infallible architect of U.S. prosperity, was called on the carpet yesterday, pilloried by a congressional committee for decisions that contributed to the financial crisis devastating world markets.

    The former chairman of the Federal Reserve said the crisis had shaken his very understanding of how markets work, and agreed that certain financial derivatives should be regulated -- an idea he had long resisted.
    http://www.washingtonpost.com/wp-dyn/content/article/2008/10/23/AR2008102300193.html

    OP is akin to listening to Dick Cheney and Paul Wolfowitz on Middle East policy. Their failures should discredit them.

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  • priapism
    priapism Member Posts: 2,404
    Good news - the U.S. will never default:

    https://www.youtube.com/watch?v=-_N0Cwg5iN4
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