In the segment linked to below, Greenspan seems to be urging Bernanke to bail out the mortgage lending sector, in order to stabilize the economy.  

Bernanke says it's not the Fed's job to bail out the lenders / investors.  

Greenspan says that's not the point.  The point is that something has to be done to STABILIZE THE ECONOMY as a first priority.  Greespan also says, the investors losses will be softened, as a side effect.

OK...  Bernanke....  Get over yourself and stabilize the economy.  

Could we get that done by, say, Tuesday at noon, please?  IF not, have your peeps call my peeps and let's set it up for some time on Wednesday... OK ?

oops, here is the URL for the clip I referred to:

http://www.cbsnews.com/sections/i_video/main500251.shtml?id=3265525n

Thanks Catz, I missed this too!

I suppose Bernanke's real problem is that he does not want to do be seen as a puppet of Greenspan or as one who is tied to doing things the way his predecessor did.

Greenspan clearly, by his repeated habits when in office, favored "STABILIZING" the economy, even if some hapless industry got a bailout it did not deserve.  While this legacy may be controversial, it WORKED...

Since Bernanke wants to be his own man, it is clear that somebody has to find a way for Bernanke to make a mortgage lender bailout "his own"...

As a classy guy, Greenspan obviously understands this and is avoiding public pressure on him to do so.  (Leaving Bernanke room to claim the idea as his own).

Hi Cathy!

Hey, in case you missed it, there was a segment on 60 Minutes, too!

http://tinyurl.com/2yge7

Oh, oops... and this video also!

http://tinyurl.com/2j2dfb

Uh oh....my bad....here's one more!

http://tinyurl.com/2sj2du

Man, this is fun!!!  I don't even have to read your original post!  Just post away!   Irresponsibility makes me giddy!

Thanks for the link, Cathy -

http://www.cbsnews.com/sections/60minutes/main3415.shtml

I really didn't have any trouble following it without play by play.

http://tinyurl.com/2sj2du

Thanks, Philz!

I heard about this interview.  Does anyone have a link to it so I can watch it?  

I think Mary does....Miss Mary?....

Me thinks we have exceeded the link quota. Or maybe not. I will find another one.

http://tinyurl.com/2sj2du

and there is more where that came from.

I have also ordered a pair of cuff-links.whoo hoo

Where's Vance? He might have one.  ;)

Vance is shopping on Youtube.

Phil, giddy looks good on you, keep it up.

Giddyyap, heh heh heh!

Wow Greenspan is OLD.  No wonder our government cant make a quick decision.  To many old fogies taking to long to ponder on our problems.  

I think it is time for some younger blood in the white house.  

LOL, Joe.  That was my first reaction when I saw his pic over the weekend.  The man has aged A LOT since the last time I saw him.  

You guys just noticed this? The guy's been old for 20 years . . . LOL

I'm surprised no comments on who interviewed him. Can't really look at Leslie the same after the RF thingie . . .

I agree, he's always looked old but he's looking "larry king old' now and THAT'S OLD!  He's looking like that mummy Bill Clinton wanted to date a few years ago. LOL  (the real Egyptian mummy... not 'that woman' mummy)

LOLOL! Hey better watch what you say about Bubba's mummy -- they have jackbooted thugs!

How are we supposed to be this Great Innovative Super Power with a bunch of OLD men running our country??  I wonder if they even know how to turn on a computer?  It is amazing that we are not still in the Stone Age with these guys behind the wheel.  

Seriously, we need to get some younger people in the White House.  Someone with some innovative ideas.  Someone who is not stuck in the past remembering how awful it was growing up in the depression.  Someone who will not run the war in Iraq like it is WWI.  

THATS IT, I AM RUNNING FOR PRESIDENT!  

I am highly disappointed in the recent lack of links.

If someone could kindly provide me with a link so I can see how old he is I would appreciate it.

Joe, sigh . . . it's not the old men running the country . . . the old men are running the world. But I LUV your idealism.

Joe, I will handle your funds for you.

Sorry, Mary...I can't find it right now... I'll watch TV tonight and see if it comes on again.

Mary,

I will need you bank account number and SSN.  You will see funds coming your way in 7 to 10 business days!! :)

Well, if I am to become President then Mary is right.  We need campaign funds.  

Please Pledge Your Funds Here...

Mary will be collecting them on my behalf.  Thank you for your support and financial backing!

I don't want to bore you with my explanation of the Greenspan interview nor do I have any commentary on his book, you are adults and can do that by yourself.

Here is a link if you missed it:

http://www.cbsnews.com/sections/60minutes/main3415.shtml

JOE FOR PRESIDENT

...might work.... let's see?

GO FOR JOE

JOE GIVES MOE

WANT MORE DOUGH? VOTE FOR JOE!

JOE'S NO HO

Help me people.  We're getting a late start on the campaign.

JoPrez (Like JoMama)  ???  LOL

LOL Tim.  Thanks for you Support, but we also need to see your FINANCIAL support.  Don't you understand how this politicing thing works.  

No problem... 10% of my income is dedicated to the election of THE JOE MAN!

We need to establish a few positions to set you apart from the large field already running.  Free Healthcare for everyone is already taken so I'm suggesting:

"Free Beer/Booze/Wine for Everyone"

Yes please. I'm all about healthy habits.

Thanks for the updated info since I missed it too!

Joe I have a paypal account, I could help collect those funds.  You might get Michael on board as VP  He is from Nottingham and I understand their slogan is "rob from the rich, give to the poor."  

Hey Catz, I saw this great interview over the weekend. Here's the link in case you didn't see it:

http://www.cbsnews.com/sections/60minutes/main3415.shtml

FINALLY!  Thank you, Craig.  I've been trying to get that all day long.  You da man!

Whew, It took me hours to get through all those darn links!!  Now Vance-Tube is going to start in... and there goes my evening!!

A little bit of trivia: Alan Greenspan was a part of Ayn Rand's circle of friends she kiddingly called "The Collective".

Ayn, had she live to see it, would have been disappointed in the direction Greenspan took.

Interesting Mike.  I did not know that.  I had an Ayn Rand time in my life when I had to read every book she wrote.  Interesting.