Alan Greenspan: We Didn't Do It

In today's Wall Street Journal Alan Greenspan makes an argument that I have been making for a while. Obviously he knows a little more about the subject than I do, although he is a bit biased.

There are at least two broad and competing explanations of the origins of this crisis. The first is that the "easy money" policies of the Federal Reserve produced the U.S. housing bubble that is at the core of today's financial mess.

The second, and far more credible, explanation agrees that it was indeed lower interest rates that spawned the speculative euphoria. However, the interest rate that mattered was not the federal-funds rate, but the rate on long-term, fixed-rate mortgages. Between 2002 and 2005, home mortgage rates led U.S. home price change by 11 months. This correlation between home prices and mortgage rates was highly significant, and a far better indicator of rising home prices than the fed-funds rate.

More Wanta Nuttiness

Christopher Story continues his story telling. Bizarrely he has individual members of the Supreme Court involved:

Bear in mind also that the two International Court of Justice Judges who are supervising this clean-up are joined by Associate Justice of the Supreme Court Sandra Day O’Connor (for the Republican Party) and Associate Justice Ruth Bader Ginsburg (for the Democratic Party). Contrary, therefore, to assertions from British MI5 sources retailed to us last year that ICJ-related arrests could not take place in the United States, the participation of the two US Associate Justices validates relevant ICJ arrest warrants’ application in the United States: hence Dr Alan Greenspan’s incarceration, which immediately followed allegations that Dr Greenspan and others may have inserted a glitch into the codes in mid-June, preventing ‘payment’. It is understood that Dr Greenspan may nevertheless still have a ‘hold harmless’ agreement containing a clause guaranteeing him a Presidential Pardon in the event of his being exposed as implicated in Wantagate (which he has been).

Supreme Court justices of course do not have political affiliations, nor do they supervise such activities. The International Court of Justice, as I have pointed out previously does not handle criminal cases, and thus has no authority to arrest anyone.

Incidently, Alan Greenspan who Story claims was arrested, despite nobody noticing, continues to appear in public:

July 23 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said financial markets are benefiting from a ``one shot'' flow of savings from the developing world that is about half-way over.

Foreign savings have ``created this liquidity we are seeing,'' Greenspan, 81, told the Building Owners and Managers Association's international conference in New York. ``It is not permanent. It is reflective of a one shot thing. I'd say we're about half-way through.''

But other than his story being preposterous, counter to every observable fact, and completely illogical, there is nothing wrong with it...

Greenspan Still on the Run

Incidently, since I keep on getting comments from people claiming I am a lying shill with no evidence, Alan Greenspan, despite being held without bail continues to appear in public, this time at the 2007 Aspen Festival of Ideas, which was held between July 2-8th. Odd, none of the Wanta nutters have noticed this.

Alan Greenspan on the Run

Christopher Story continues his Wanta nuttiness, claiming the imminent arrest of even more personalities. Meanwhile, Alan Greenspan, who supposedly is being held without bail still manages to make appearances at posh restaurants with his wife, NBC reporter Andrea Mitchell. And yet I still get idiots posting on here that the story could be true...

Wanta Nuttiness Reaches Fever Pitch

It is rather amusing how Christopher Story writes these dramatic articles regarding how the Wanta saga has the world economic interests on the edge of their seat, but then the story gets absolutely no interest outside of the shadowy regions of the Internet, and people like me who just like laughing at them. In fact Story even claims that the "Greenspan arrest" was intended as a distraction:

We stand by what we have posted on the jailing of Dr Alan Greenspan, but we are not yet further informed as to what has happened to him since that event. What we have now been told is that the jailing of Dr Greenspan has been exploited by Cheney-controlled MK-ULTRA-style disinformation specialists as a diversionary ploy to get people running around crazily looking for the wrong fox.

Uhh, but just who is paying attention? Look at a google search for "Alan Greenspan Arrested". Story is getting so few people interested in his article that his World Reports website isn't even on the first page. And in fact the number one hit is... me. No wonder he wanted to sue me.

Greenspan Escapes

When last we reported, Christopher Story had been discussing the arrest "without bail" of former Fed chief (no relation to yours truly) Alan Greenspan as part of the affair de Wanta. Now Story continues to update this inanity.

UPDATE: 27 June 2007: The Editor has now received written confirmation that TWO Group of Eight intelligence sources have CONFIRMED the previously reported incarceration of Dr Greenspan. The original sources of this information were Gold Badges who are in contact with the Ambassador and Michael C. Cottrell, M.S. By definition, Gold Badge information cannot be elaborated upon. Be it known, therefore, that the Editor holds TWO written statements concerning the accuracy of our report on the jailing of Dr Greenspan being confirmed by these TWO SEPARATE G-8 intelligence agencies. The second intelligence source confirmation was received by the Editor this morning. We cannot elaborate any further BECAUSE WE HAVE REPORTED ALL THAT WE KNOW.

Well of course, everyone knows Gold Badge information cannot be elaborated upon. How could you even suggest something so silly? Of course the source of this information was Sir Leo Wanta and Michael Cottrell M.S. (as an aside, I now insist that everyone must refer to me in print as James Bennett M.B.A).

One thing I missed before though. Story insists that Greenspan was arrested the week of June 15th "without bail", but before posting that he failed to notice that he made a public speech the following week. He must be using Paris Hilton's lawyer...

Alan Greenspan Arrested

It wasn't enough to just have Hank Paulson arrested (odd he keeps showing up in public) now Christopher Story is claiming that Alan Greenspan was arrested because of his involvement in the Sir Leo Wanta affair.

FORMER FED CHAIRMAN GREENSPAN IN JAIL WITHOUT BAIL

During the week ending 15th June 2007, ‘unspecified very senior officials’ in the United States were arrested and jailed without bail, in connection with corrupt financial operations exploiting the financial assets belonging to Ambassador Sir Leo Emil Wanta (1) as sole Principal.

The former Chairman of the Federal Reserve Board, Dr Alan Greenspan, who was in office when these illegal and corrupt financial scandals to the severe detriment of the American people, the US Treasury and the Ambassador were embarked upon, is among those in jail, and has likewise been refused bail. This is only the beginning of the belated sensational consequences of Wantagate.

Odd, anytime Greenspan sneezes the Dow drops 50 points, but somehow the Wall Street Journal and Reuters have missed this.