Greenspan Apologizes for Wrecking World Economy

[EJ]

Special iTulip.com Bulletin - April 1, 2008

Today, speaking to a group of unemployed automobile parts factory workers in Ohio and homeless ex-venture capitalists in California's once economically vibrant Silicon Valley via a free Internet seminar, ex-Fed Chairman Alan Greenspan apologized for creating a “madcap” economic system in the mid 1990s, dependent on leverage and asset speculation, that collapsed in 2007. The implosion occurred when Iran, Venezuela and Russia cut off oil supplies to the U.S. together after National Security Advisor Condoleeza Rice referred to Russian President Vladimir Putin, Venezuelan President of Hugo Chavez and Iranian President Mahmoud Ahmadinejad as “The Three Oil Stooges,” in a speech to students at Georgetown University in Washington, DC. She likened the Russian President to Three Stooges character Mo Howard, stating “He was the leader of the group, just like Putin.” Since then, Russia, Iran and Venezuelan have been selling the balance of their oil to China.

http://www.itulip.com/greenspanissorry.htm

[blazespinnaker]

Maybe we should be blaming the japanese

[DW]

Hey Al, I'm with you 110%! You're the best Fed chief, EVER!!

That Bernanke, what a snoozer. I mean the guy makes a speech and I
know exactly what he's thinking. Subject-verb-object,
this-affects-that, all day long from Mister Boring. And my wife bets
he's asleep by 9:30 every night, unlike that Wim guy with the hot
European accent and sexy hair. Forget about it, honey, I remind
her, he's dead!

Anyhoo, I wonder if you could give me some advice. I bought one of
those No Money Down Real Estate kits. They told me how to buy
properties using their Perpetual Motion Money Machine. Racking up a
few dozen properties, I've done really well on the buying part,
especially considering that I have only $300. When do you think I
should sell?

Yours truly,
A Big Fan.

[metalman]

Hey Al, I'm with you 110%! You're the best Fed chief, EVER!!

That Bernanke, what a snoozer. I mean the guy makes a speech and I
know exactly what he's thinking. Subject-verb-object,
this-affects-that, all day long from Mister Boring. And my wife bets
he's asleep by 9:30 every night, unlike that Wim guy with the hot
European accent and sexy hair. Forget about it, honey, I remind
her, he's dead!

Anyhoo, I wonder if you could give me some advice. I bought one of
those No Money Down Real Estate kits. They told me how to buy
properties using their Perpetual Motion Money Machine. Racking up a
few dozen properties, I've done really well on the buying part,
especially considering that I have only $300. When do you think I
should sell?

Yours truly,
A Big Fan.

Don't tell me you still have that $300 cash laying around. What for? You oughta be able to leverage that into at least 3 - 4 condos in Bakersfield. What? You a Greenspan go-getter or some kind of Bernanke/Shiller type pinhead?

The Metalman