Greenspan slammed II

March 12, 2009

Criticism of former Fed Chairman Alan Greenspan, as delineated earlier on MacroScope by Mark Felsenthal, is stretching beyond his legacy.  Calls are being made in Britain for Greenspan to be stripped of his honorary knighthood.

The latest salvo comes from Albert Edwards, an outspoken London-based analyst at Societe Generale.  He accuses the ex-Fed chief of “criminally poor policy making, economic negligence and a worrying total lack of insight for what he has done”.

Perhaps most hurtful for Greenspan — if he cares — is Edwards’ idea that Greenspan should lose the  “Sir” before  Sir Fred Goodwin does.  In Britain, the former chief executive of Royal Bank of Scotland, has become the poster child for irrationally exuberant executive payouts.

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Mr.Greenspan, One of the biggest criminals to grace our government. A great deal of our problems come from this man’s policies as well as the history of the fed. That’s why our constitution says that congress is to COIN our money and only gold and silver should be legal tender. The Fed is an illegal scam and needs to be investigated and dismantled. Look at ANY chart of the dollar since it’s inception. Straight decline every since and no longer does our money have ANY silver or gold content to it. Americans are foolish to trust in these people and we are getting our due for not adhering to sound monetary practices laid out very simply by our founding fathers.

Posted by jason | Report as abusive