Mon Apr 23, 2007 2:54pm EDT
WASHINGTON (Reuters) - U.S. spending may have been lifted (click title to entry - thank you) by close to 3 percent a year in recent years as owners tapped the enhanced values of their homes for cash, according to a paper coauthored by former Federal Reserve Chairman Alan Greenspan....
When 'the idea' of expanding the ability of the average American homeowner to 'great wealth' was explored by Greenspan, I really believe he was sort of like Einstein creating the nuclear reaction. He never intended it for methods of war. But, it was applied there by someone else.
I think the exploitation by Wall Street has a lot to do with folks that 'train' to work not just for Wall Street, but, to be loaned out to government to 'work the inside.' The Treasury Departments.
I also believe Paulson is directly responsible for abandoning the American economy.. Because, I honestly don't believe the Investment Banks were suppose to 'get out of Dodge.' At least they weren't 'a first glance.'
