Blunt News "Thank You and Critiquing Dr. Alan Greenspan" - donchayo's Blog
Blunt News "Thank You and Critiquing Dr. Alan Greenspan"
Blunt News Critiquing Dr Alan Greenspan
I want to thank all those who have been reading my articles, discussing them, and criticizing their contents. In this era of automatic, instantaneous information being fed to the public, lack of content is what is faltering. The argument that the American public, especially minorities, are not educated enough to understand what is happening to this country is incorrect. We, as Americans, will face nationally dilemnas, financially , philosophically, geo-politically, , in the coming years, because of the ongoing financial crisis.
We are not being told the truth. We are not being blunt on austerity measures.
A look at Dr. Alan Greenspan's interview today on CNBC, brought up a a subject I wrote about earlier, the use of fraud to get lower middle class Americans, into homes that they are now underwater in. You may hear it like a broken record, but this is important. People invested in these bad loans, knowingly or not, in their 401 K's, pension funds, even municipalities, cities, and states, where defrauded, and these loans are still largely backed by US Treasury notes, or taxpayers.
Look forward to higher taxes and less return on services. Cutbacks on your local school, after school programs, police funding, fire fighting funding, municipal bonds crashing, having to move for employment, and like California, early release of inmates, to name a few problems we as a country will face. Politically, this is ammunition that the Tea Party will feed on and continue to be a growing force.
Review Dr Greenspan's interview today, and he stated the biggest problem happening, that this country does not prosecute fraud. Watch the video, and see how Dr. Alan Greenspan answers. We are not going after Fannie Mae, Freddie Mac, and JP Morgan, but the guns are aimed only at Goldman Sacs. The lobbyist money has made these financial institutions to big to fail, and to big to prosecute.
Regulation is not the only answer, but the prosecuting of these to big to fail institutions for destabilizing our country with exotic financial instruments that have questioned the United States position on the world stage. When you watch the former Chairman of the US Federal Reserve, Dr. Alan Greenspan, state that we as a country do not prosecute fraud, then why should any other country do the same? We are the pinnacle of the global financial markets. If we allow fraud, in our financial markets, to be unpunished, then who will want to invest in our markets? If we allow fraud, here, in the US, then will crashes and double dips be the new normal for our markets?