$(document).ready( function () { talk_rendercallback({"enabled":"0","islive":"0","eid":5577,"total":"6","discussion":[{"nm":"Jim Weekley","rs":"0","ms":"It\'s truly a shame that this information was not out before Obama began to place his people into the cabinet.    With Larry Summers and Timmothy Guietner now on the Obama wagon - why should we believe that anything new will develop except cover up and after cover up.   All of the bankers and politicians that caused the economic collaspe ought to be behind bars.   What a shame.   Jim Weekley","pt":"Feb 22, 2010 11:37"},{"nm":"Jeff Barsoian","rs":"0","ms":"Arrogance and stubbornness to change are a deadly combination, especially when it\'s combined with zero accountability at the top levels of government.","pt":"Feb 17, 2010 10:18"},{"nm":"Donald Kruse","rs":"0","ms":"Capitalism as it has evolved is now based on three sins, vises or crimes depending on ones philosophy or worldview. The first and most important function is money lending for profit. We are a debt-based economy. Our society is rampant with borrowing from the constant use of credit cards and bank loans to the stock market. Most civilizes societies for centuries considered this to be the sin of usury (often a crime). The second is the hope that through luck or cheating to win unearned money through a wager. Everywhere churches and States run lotteries, investors hope for “a killing” in the market and derivatives go unregulated. We seem to be addicted to the vice of gambling and our economy prospers… or does it? The third sin is lying or deception. The purpose of an entire industry, advertising, has as its contribution to capitalism the seduction of the consumer into buying something that is neither needed nor wanted. Deceptive persuasion is the sin of lying. Shame on us. I wonder what restitution will be demanded before redemption?","pt":"Oct 22, 2009 14:54"},{"nm":"Michelle Moghaddam","rs":"0","ms":"This was a great investigative report. However, I believe it only scratched the surface. There are hundreds of Greenspans and Madoffs that have not been exposed.","pt":"Oct 22, 2009 11:24"},{"nm":"Jim in FLA","rs":"0","ms":"Only when the financial ponzi game ends do we start to hear the truth regarding "The Maestro", Sir Alan Greenspan.  .."he (Greenspan) didn\'t believe that fraud was something that needed to be enforced or was something that regulators should worry about" . Where was the Senate "ovesight"? What is the purpose of SEC, CFTC, FBI? Not only are the financial markets too big to fail, they are now too big to prosecute thanks to Mr. Greenspan and his minions.\n\nI am curious what new tidbids of wisdom others, who are no longer fearful to speak, will share with us as to their interaction with Msrs Greesnpan, Summers, Geithner and Rubin.  I am certain I will be surprised as to the extent they have gone to in order to continue their increasing greed for wealth by destroying our financial system and national savings.\n\nGod help those who are not prepared (who don\'t own PHYSICAL gold/silver).","pt":"Oct 22, 2009 00:32"},{"nm":"Claudio Tomasi","rs":"0","ms":"Let\'s call a \'spade\' a spade.  He was a \'bad\', central banker.\n\nIn Oct. \'96 he gave his infamous quote: \'Irrational exuberance.\'\n\nThen in \'97 dealt with, (successfully IMO), the \'Asian crisis\' and \'Russian Ruble\' affair. \n\nBut when the LTCM dilemma came along he sold his soul. At this stage irrational exuberance was still a problem, particularly in the NASDAQ, and a good cleansing was called for. \n\nInstead of allowing this cleansing to take place and forcing everyone concerned to take their good dose of medicine he went to Wall Street for assistance. Except for Bear Stearns, they willingly helped. (It was in their interest to). So not only was the crisis pushed further out to become worse, AG then became, IMO, a stoolie for Wall Street. "We helped you out, (themselves really) you owe us" seemed to be the mentality. Every crisis they ran to AG and the Central Bank for ever more help, creating the biggest bubble in history.\n\nBy the end of \'05 it was obvious that all was about to fall. It was a matter of making as much as possible before the collapse.  By Feb \'07 the collapse was inevitable and poor Ben Bernanke was to take most of the blame. (This can be seen by what is now a blip on the charts: insiders were selling bank shares. At the time it was more pronounceable, what happen since made it less so ). \n\nBy now, Central Bank assistance to Wall Steet to fix all problems was the norm, and with Treasury Supremo Hank Paulson thrown into the mix, Wall Street had vitually taken over control of USTreasury and Central Bank. \n\nResult, of course is the end beginning of the end of US hegemony, US$ fall as reserve currency via it\'s collapse in value\' and also the beginning of the end as the US, the world\'s only remaining superpower. \n\nNow, Alan Greenspan IMO whilst a very prudent and successful Central Banker in his early years, this sellout caused him to become one of the worst.\n\nRemember, one can go throughout life being a model citizen, but if in a sudden burst of madness commits a major crime, all his previous good work counts for little. The same for Central Bankers. People all over the world are struggling, (being lenient here) because of what I believe is the Capital Fault committed by Greenspan in \'98.\n\nIMO, head of CBs should be given maximum of two terms (preferably of four years each), then retired. Stops a lot problems. ","pt":"Oct 21, 2009 21:31"}]}); });