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Allan Greenspan gets OWNED by Vermont Rep. Bernard Sanders AND Ron Paul

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posted on Oct, 24 2008 @ 03:17 PM

Good for you Mr. Sanders, he gives it to the geriatric out of touch former chairman of the Fed in a way that makes me proud to see that there are still a few elected officials out there who "get it".

I admire men like Bernard Sanders, who arent afraid to tell these elitist corporate yes men what they really think of them.

If we had 100 more men like this in our Congress the United States would stand a chance of survival. Kudos sir, you have earned one new fan today.

[edit on 10/24/08 by BlackOps719]

posted on Oct, 24 2008 @ 03:33 PM
Oh my god!

He pretty much ripped Greenspan a new one! It did bother me though, the if you look at Greenspan's stoic expression, he really didn't care, he seemed very cold hearted and didn't give a hoot about the reason why he was at that hearing in the first place.

posted on Oct, 24 2008 @ 03:38 PM
You guys know this is a tape from around 10 years ago right? That's the last time I know of that we only had 4 trillion dollars of debt and Greenspan was treasurer...

posted on Oct, 24 2008 @ 03:50 PM
Even if it was 10 years ago, it made my day, thank you for posting that!

And just so everyone knows (if they couldn't guess) Sanders voted against the bail out twice.

I really hope that more of our Reps lay into these idiots like this in the coming days...Of course, putting them all in prison would be even better.

And what was with Greenspans' answer anyways? Did that really make any sense at all?? So because Silicon Vally made some chips it makes everything all better? Whatever!

posted on Oct, 24 2008 @ 03:53 PM
Great slap in the face for Greenspan indeed.

Give that good man an axe and a license to kill and Greenspan wouldn't be sitting there.

posted on Oct, 24 2008 @ 03:54 PM
Forgive me, I assumed it was newer since it was being posted along side this new story put up on Infowars:

Ron Paul hits out at Arrogant Greenspan

Texas Congressman Ron Paul has blasted former Federal Reserve chairman Alan Greenspan, calling him "intellectually arrogant" after he blamed free market capitalism for the current financial crisis and diverted questions away from his own actions.

"I think he's trying to save his place in history but I don't think he's going to achieve it unless he confesses and goes back to his roots and goes back to writing articles for Ayn Rand." Paul told Neil Cavuto on Fox Business yesterday evening.

"There's no way he's going to escape the blame for this, I guess I am shocked also that he pretends he is shocked too." Paul, a member of the House Committee on Financial Services, commented.

Greenspan yesterday described the current financial crisis as a "once-in-a-century credit tsunami" and blamed flaws in the workings of the free-market system, something he said had left him in a "state of shocked disbelief".

"What I really resent about it is that he knows and understood at one time what capitalism was all about. He went and distorted it," Ron Paul urged.

"Now he says 'this is the death of capitalism and what we need now are really really good regulations on derivatives.' No, we need to remove the system that creates derivatives."

Paul asserted that the Federal Reserve chairman, whoever it may be, does not have the wisdom to regulate monetary policy because they are driven to excess and are part of an inherently flawed system.

"In a way they are intellectually arrogant because they believe that only they know what the market knows. Nobody knows what the proper rate of interest is, it's always too high or too low." Paul said

Infowars article

posted on Oct, 24 2008 @ 04:12 PM
I admire Bernie Sanders "America's Senator" the independent from Vermont. A self described "democratic socialist" a friend to working people so be very very afraid!!

Great vid!! I love how he put that double talkin chissler Greenspan in his place!!

Here is another video of that toad Greenspan being forced to admit he "was wrong"!! The best part is the last minute.

posted on Oct, 24 2008 @ 05:20 PM
The smug look on Greenspans face during Waxmans questioning is enough to make you want to punch that old scheister, you can tell he thinks he is far above the judgement of the little people.

What we have seen in the declining markets is all a direct result of his failed criminal policies during his administration as chief of the Fed.

He is as much to blame for this meltdown as any CEO or Wall St. fat cat.

[edit on 10/24/08 by BlackOps719]

posted on Oct, 26 2008 @ 12:01 AM

posted on Oct, 26 2008 @ 12:14 AM
Well Greenspan can smirk all he wants, Get rid of the working people in our country and lets see what they got................Nothing!!!!!!!!!!!!

posted on Oct, 26 2008 @ 12:32 AM
greenspan doesn't care what anybody says...he has his and all the really wealthy have long ago sold off their investments and are simply setting back on piles of cash waiting for the next bull run. doesn't matter what country or market, they couldn't care less what happens to the "workers" of the world, they'll simply wait for the next opportunity to leech off of the savings and modest investments of the "little people" who might try to improve their modest lives by believing in the motto:..."just work hard and invest wisely and you too can have a piece of the pie"...that's when a new scheme will unfold to pick the pockets of the "little people"

[edit on 26-10-2008 by jimmyx]

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