Greenspan speaks on subprime woes

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Tuesday November 06, 2007 · 11:11 AM PST

2007/11/06 · 11:11

"The critical issue on the whole subprime, and by extension, the international financial system rests very narrowly on getting rid of probably 200,000-300,000 excess units in inventory"

This was said this morning in a conference with Japanese business leaders. He's referring to housing units here. I've always thought I had a very silly, simplistic view of the global financial system, but does anyone else think this is being overly foolish.

If you will, let's examine some of my odd reactions to what he put forth.

microcondenser

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Wednesday September 06, 2006 · 6:48 PM PDT

2006/09/06 · 18:48

We've heard it said many times and we've heard it said with some very lame justifications- The US will not cut and run from Iraq. We do a good job here of countering most of the lies and exposing the obvious fallacies of the security arguments. No one really believes that terrorists will be chasing anyone back home, so what are some of the reasons we need to stick around for more liberating in Iraq? What exactly is left unaccomplished?

We all have out favorite answers to these questions, but let's examine what Charlie Cray of the Center for Corporate policy in Washington has memtionned as one of the unresolved issue relating to the brazen profiteering going on in Iraq. link here. More on the flip
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Greenspan speaks on subprime woes

Lesser Talked about Reasons why the US won't Cut and Run yet