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Greenspan said the crisis “has turned out to be much broader than anything I could have imagined,” Exactly?
"The crisis “has turned out to be much broader than anything I could have imagined,” he said."
#1 By saying that it is bigger than you imagined are you not admitting that you deliberately caused this disaster?
#2 Exactly how big did you imagine it would be?
4 Answers
- Anonymous1 decade agoFavorite Answer
They certainly caused something to happen right before the last presidential election. They made a crisis to exploit they must have told Obama that unemployment would not go below 8%. I wonder why Obama was so confident that it wouldn't go below that percentage since he's never run an economy before.
- 1 decade ago
Yea, the Fed can force a recession. It's been done to curb inflation. I believe it was done in the 80s, for that very reason.
What caused the inflation was the Vietnam War debt. War ends and GDP drops.
So can you imagine what's coming when the two wars we're currently waging end? It's not gonna be fun.
- Anonymous1 decade ago
no not in the least
I cant figure out if your a troll or have comprehension problems
the economy goes from busts to booms its part of the capitalist system, so yes he would have expected a smaller recession
- Anonymous1 decade ago
He was asleep at the wheel, along with Congress, Treasury, SEC, etc.