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Profiles - Photos starting with Greenspan We need to recognize and know these people.

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peacetalksforall Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 09:06 PM
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Profiles - Photos starting with Greenspan We need to recognize and know these people.
Can others add to this - ceo's for example? Addington - the point man, also?

How do we create a direct image link?

Start:
Greenspan, Alan
Wiki: http://en.wikipedia.org/wiki/Alan_Greenspan
Photo: in Wiki above
Understatement from Wiki: "After 2001, some congressional leaders and others criticized him, for certain statements they found to<1> overstep the Fed's traditional purview of monetary policy, and for other statements they saw as overly supportive of the policies of President George W. Bush."

Paulson, Henry
Wiki: http://en.wikipedia.org/wiki/Henry_Paulson
Photo: in Wiki above
Highlights from Wiki:
"In late September of 2008, Paulson, along with Bernanke and Christopher Cox, led the effort to help financial firms by agreeing to buy US$700 billion dollars in bad debt from them.<22> Discussing his decision to take action, Paulson said: “It just happened dramatically. There was only one way that we could reassure the markets and deal with a very significant and broad-based freezing of the credit market. There was no political calculus. It was overwhelmingly obvious.”<23>

On September 19, 2008, Paulson called for the U.S. government to spend hundreds of billions of dollars more to rescue financial firms from lethal mortgages that threaten to collapse the financial system.<24> Due to his leadership and public appearances on this issue, the press quickly took to labeling these measures the "Paulson Plan." <25> (See also: Paulson financial rescue plan.)"

Bernanke, Ben
Wiki: http://en.wikipedia.org/wiki/Ben_Bernanke
Photo: in Wiki above
Highlight from Wiki:
"In 2002, when the word "deflation" began appearing in the business news, Bernanke gave a speech about deflation.<13> In that speech, he mentioned that the government in a fiat money system owns the physical means of creating money. Control of the means of production for money implies that the government can always avoid deflation by simply issuing more money. (He referred to a statement made by Milton Friedman about using a "helicopter drop" of money into the economy to fight deflation.) Bernanke's critics have since referred to him as "Helicopter Ben" or to his "helicopter printing press". In a footnote to his speech, Bernanke noted that "people know that inflation erodes the real value of the government's debt and, therefore, that it is in the interest of the government to create some inflation."<13>"

Cox, Christopher
Wiki: http://en.wikipedia.org/wiki/Christopher_Cox
Photo: in Wiki above
Highlight from Wiki:
"On September 18, 2008 the media reported that Republican presidential candidate John McCain said he would, if elected, fire US Securities and Exchange Commission Chairman Christopher Cox for failing in his oversight of Wall Street.<6>

In reponse, Cox wrote, "History will judge the quality of our response to this economic crisis, but now is not the time for those of us in the trenches to be distracted by the ebb and flow of the current election campaign.... The best response to political jabs like this is simply to put your head down and not lose a step doing the best job you can possibly do on behalf of those you serve."<7>

Barack Obama responded to McCain's statement by saying, "You can fire the whole trickle-down, on-your-own, look-the-other-way crowd in Washington who has led us down this disastrous path. Don't just get rid of one guy, get rid of this administration. Get rid of this philosophy. Get rid of the do nothing approach to our economy...."<6>"

Can we keep his going?



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