The Fed Chairman who brought housing depression now joins a hedge fund firm who continues to gain from the fall of housing bubble
Marla Guthrie
Jan. 15, 2008

I wrote two years back that former Fed Chairman should have taken a lesson on Economic 101. He did not and is responsible now for drowning the biggest economy in the world into depression. No one is talking the D word yet. Well no one was talking the R word last year either.

Believe it or not the culprit of all these - the man who never agreed to retake his Economics 101 is now joining a hedge fund. He is an adviser to hedge-fund firm Paulson & Co., which has profited handsomely from the collapse of that bubble.

Mr. Greenspan will become a member of the New York-based fund manager's advisory board. Greenspan Associates, the company Mr. Greenspan owns is in many such contracts with other firms.

People in main street question why is Mr. Greenspan allowed to be an economic and financial advisor after drowning the economy with his conservative supply-side economics?

The Fed Chairman who brought housing depression now joins a hedge fund firm who continues to gain from the fall of housing bubble
Marla Guthrie
People in main street question why is Mr. Greenspan allowed to be an economic and financial advisor after drowning the economy with his conservative supply-side economics?
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Since the Great Depression for the first time States are ready to go bankrupt and delinquent
Peter Oberois
As they cut expenses and raise taxes directly and indirectly, the revenue will shrink much faster than these governors can ever imagine. The resulting effect is a financial nightmare where States go bankrupt and delinquent.
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Citigroup problems mirror other large banks – deep dividend cuts, loss of hundreds of thousands of jobs, declining reserves and sharply falling investor confidence
sam Adelton
The real sad side of this is the skyrocketing foreclosures and hundreds of thousands of jobs cuts that will engulf the economy. These are highest paying jobs that will be lost in the next two to three months.
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How they derailed the Tiananmen Squares of USA – the soldiers who worked for Clintons in Manchester and other cities of New Hampshire
Shankar Hotabi
They finally unleashed their ‘Army’ to derail the Tiananmen Squares of USA. The Chinese did it with brutal force, In America they did it with voter manipulation and playing the race card.
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The silent revolution in US behind the surge of Obama and Edwards – finally it comes after forty years – the silent cyber Tiananmen Square of USA
Sandra Simons
The upset landslide victory of Obama and Edwards has signaled something what every country experiences when one political party goes into severe extremes. It was missing in United States for forty years.
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Signs of stock market trouble – increasing insider sales and new ETFs struggling to gain footing
Alex Hernandez
Two things that happened in the last part of 2007 can haunt the stock market in 2008. In most sectors the insider sales went up exponentially. Insiders are increasing gloomy. But what also creates a danger signal is the performance of new ETFs.
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GM, Ford December sales declines confirm US recession – sales lowest since 1998
Sonja Massey
Americans bought about 16.1 million cars and trucks for the year, the least since 1998. That is significant, say most analysts. Deliveries dropped about 6.3 percent at GM, 8.4 percent at Ford...
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