Greenspan tells us not to worry.

[Turbineguy]

Thank goodness! I was beginning to think I should stop watching American Idol.

http://www.bloomberg.com/news/2011-08-07/greenspan-says-markets-to-take-a-while-to-bottom-out-u-s-bonds-safe-.html

[valerief]

1. Mr. "flush America" Greenspan or Mrs. "spin America" Greenspan? nt

[ewagner]

2. What Greenspin isn't saying

is that while there is no doubt the country has the ABILITY to repay its debt, there is a huge question of the POLITICAL DESIRE to repay the debt.....IOW....there are political forces (can you say teanderthals? ) who will hold the repayment hostage for their political goals.

[Turbineguy]

3. S&P points that out as reason for the downgrade, yes.

[Chimichurri]

4. The Maestro who admitted he got it wrong still being listened to is a sign of the times.

[ewagner]

8. Greenspan = Baghdad Bob

Greenspan....(paraphrased).."We don't want to regulate derivatives because it will dampen investors enthusiasm"

Baghdad Bob..."American tanks on the outskirts of Baghdad? Ridiculous!" (sound of artillery shells going off)

[Tuesday Afternoon]

5. why? is he going to pay my bills? Greenspan can kiss my ass.

[peace frog]

6. Well, that settles that!

My spotless mind feels ever so much better now. Gotta run, I'm late for my brainwashing session.

[NV Whino]

7. ROFL

:spray: Oh that sooooo eases my mind. I think I'll just run right out and buy a new Lamborghini to celebrate.

[OllieLotte]

9. I could never understand what he said when he ran the Fed.

He used to take great pride in talking in ways that were unclear as to his meaning. He just bathed in the attention. After he left the post, he speaks very clearly as to what is on his mind. Otherwise no one would pay him any attention.

[golfguru]

10. If printing money is the answer, Zimbabwe should be world's top economy

With people like Greenspan mentality running federal reserve, no wonder we are seriously fxxxed.

[dixiegrrrrl]

12. That really should be a bumpersticker

or a sig line.

I am totally gobsmacked that people do not get it.
I have read, here, today! on DU " We can always print more money to pay our debt".

From now on, I shall merely reply to that nonsense by saying what you wrote:

"If printing money were the answer, Zimbabwe would be world's top economy"

[sfpcjock]

11. He had a "miscalculation", I think he called it or brain fart...

for the entire period since 1987. lmao

[CanonRay]

13. Then it's definately time to worry