Anyone believe the "we've hit bottom" statements of Bob Toll, Alan Greenspan or David Lereah now?

February 13, 2007

Anyone believe the "we've hit bottom" statements of Bob Toll, Alan Greenspan or David Lereah now?

Corrupt, clueless and discredited.

Unfortunately the only one with a reasonable chance of jail time would be Mr. Insider Stock Sales Himself, Bob Toll.

Lereah, like the nazis, was "just doing his job".

And Greenspan? Just incompetent. Unfortunately stupidity isn't a crime.

27 comments:

Anonymous said...: stupidity may not be a crime, but when you are supposed to be the smartest guy in the room and in charge, then we might have criminal negligence; February 13, 2007 9:47 AM
Anonymous said...: Keith you are a wicked genius of the blog.
Fantastic pictures (that one of greenspan is very special). Irreverant kick arse commentary.
You make all other blogs look boring.
Information AND entertainment.
Brilliant.; February 13, 2007 10:04 AM
Anonymous said...: I think Ben Bernanke is going to be much more honest and better than Greenspan.

Sadly, he was dealt a terrible hand; Alan had all the luck.

So, no doubt Bernanke's name will be reviled at some point.; February 13, 2007 10:07 AM
Anonymous said...: Come on, there has to be something they can charge Lereah with! Like Henry Blodgett; February 13, 2007 1:08 PM
Anonymous said...: That's what happens when you let one republican run fiscal policy in America for years. And why are Fed chairmen always Jewish?; February 13, 2007 2:34 PM
Anonymous said...: Why does David Lereah always look like he's doing his best to come across like some prissy fashion model?; February 13, 2007 2:44 PM
Anonymous said...: "Anonymous said...
I think Ben Bernanke is going to be much more honest and better than Greenspan."

Maybe so, but Heli Ben is no Volker. He is inexperienced, and doesn't have the guts IMHO to do what’s needed. He's been handed the position between the proverbial rock and hard place.

If he raises rates, the dollar props up a little longer, housing increases its death spiral, the housing ATM's totally disappear, and nobody HAS the money to go to Wal-Mart. The American economy, based on consumerism, collapses.

If he doesn't raise rates, the dollar tanks (even more) against foreign banks, which ARE raising their rates.
The housing downward spiral doesn't increase (yet), the housing ATM's remain open, Americans have money to go to Wal-Mart, they just can't afford to BUY anything, due to increased prices mandated by the exchange rate spread. The American economy, based on consumerism, collapses.

He is taking the safest approach he can. Do nothing (neither raise or lower)and pray for a miracle.

There is an old saying "Hindsight is Always One Hundred Per cent" I wonder if BB would have taken the job if he knew then what was going to happen now? He had to have some inkling! Maybe it was just an ego thing?; February 13, 2007 3:29 PM
Anonymous said...: fish; couldn't have said it better!; February 13, 2007 4:07 PM
Anonymous said...: Great photo of Alan G-spot doing his Diana Ross, 'Stop in the name of Love' routine, when he was a vegas showgirl!; February 13, 2007 4:09 PM
Anonymous said...: Does Lereah have any photo's other than the 'Gay porn' magazine cover one's?; February 13, 2007 4:12 PM
Anonymous said...: Is it irony that Lereah ends in A H?; February 13, 2007 4:13 PM
Anonymous said...: Unfortunately, a lot of people and prospective purchasers still believe that RE only goes up- still even despite YOY losses here in DC.; February 13, 2007 4:38 PM
Anonymous said...: I am always amazed at so called "experts" in various fields who are "surprised" by events that are obvious to anyone who has his/her eyes open and reads a few newspapers and blogs. . .today the IEA (international energy association) made a forecast that says, "higher world oil consumption than expected in 2007" . . .anyone who travels can tell you that traffic jams have increased from Warsaw to Prague to Shanghai. . .don't those officials ever take a taxi ride in from the airport??? Also USA Today had an item last week that low-fuel cars are not selling again because gas prices are "low". . .people are back to buying SUV's!!!. . .guess those experts at NAR don't read the papers either. . .or drive around town to look at for sale signs.; February 13, 2007 5:15 PM
Anonymous said...: This comment has been removed by a blog administrator.; February 13, 2007 5:17 PM
Anonymous said...: not anti-semite said,

"That's what happens when you let one republican run fiscal policy in America for years. And why are Fed chairmen always Jewish?"

The Federal Reserve is owned by eight jewish banking families.

rothschilds
warburgs
israel moses seif
chase manhatten
goldman
lehman
lazard
kuhn loeb; February 13, 2007 6:09 PM
Anonymous said...: Ha Ha, stupid gentiles! want another credit card to buy some cheap chinese crap? Oy vey you are all so stupid!!!; February 13, 2007 7:36 PM
Anonymous said...: The baby boom generation is trying its damndest to maintain this ponzi scheme for as long as possible to ensure their retirement future is secure.

Mind you that involves sacrificing the subsequent generation (or generations), but hey, they are American. It's our duty to be selfish. :-); February 13, 2007 7:37 PM
Anonymous said...: This reminds me of a local realtor that just started his own blog. His mantra of course, is its a great time to buy. From his blog: "Nation wide the median price of homes is up a little over 1% and most reputable economist are predicting that we are at the "bottom" of the downturn including Greenspan, David Lereah, Ken Fears, and Lawrence Yun and that the market will begin to accelerate by the end of the year."
Reputable?? This is one of the most bubbliest markets around and he is calling a bottom? He did get hammered in the comments.
Anyone else that would like to help set him straight can check out his blog at: http://reno-tahoeproperties.blogspot.com/; February 13, 2007 7:47 PM
Anonymous said...: not anti-semite
why are Fed chairmen always Jewish?
+++
good question
how is it that a people that make up less then ½ percent of the human population
and face far above the average in daily challenges due to being a minority ( anti-Semitism) are soo successful?
You can find Jews in the top 10% of every competency from art and science thru financials and entertainment, .etc. etc.
Good example is the state of Israel, tiny desert territory, very few natural resources, under a steady state of war by all its neighbors, and yet have equal to higher productivity to any Western nation..

Answer: while the Honica Jewinski’s of this world spend most of their day in misery, hate and anger, the Jew keeps his focus and works hard, (remember, no one died for their sins, so they have a sense of being responsible for their actions).

No elaborate conspiracies here. You and I can be just as successful, if the jews can do it so can we!!; February 13, 2007 7:50 PM
Anonymous said...: The American economy, based on consumerism, is going to tank no matter what. But will Helicopter Ben allow the dollar to tank and our banking system to go down with it? IMHO, I really doubt it. A lot of people are going to go bankrupt in the coming years, but the dollar will be saved....; February 13, 2007 8:21 PM
Anonymous said...: Greenspan: Jazz hands!; February 13, 2007 8:30 PM
Anonymous said...: LOL, the only people saying things like that, are the ones panicking that they are going to lose the shirts of their backs anyday now. Of course they will say this, can you imagine if the Real Estate industry was to be totally honest and tell everyone that you are now all f**cked? People want to believe that it can't get any worse, that hope springs eternal. But when the median income can't even think about buying the median priced house, you know something is wrong. Just like Physics, economics has laws too, like "What goes up, must come down". I am just so happy that in the end, I didn't buy. Still lving in my 1500 sq footer for $600 a month!; February 13, 2007 9:41 PM
Anonymous said...: Greenspan is saying
"I can count this many without needing an assistant to count for me."

Greenspan should be considered the Benedict Arnold of the world of the gold bugs, since in the 1960's he sang the praises of owning the yellow metal, but once he became part of the FED, gold fell off his radar screen.
Typical politician/bureucrat, say anything to get into power and keep it.; February 13, 2007 10:14 PM
whatdo I know said...: This comment has been removed by a blog administrator.; February 14, 2007 12:24 AM
Anonymous said...: Lereah looks a little drunk in this picture.

Just an observation, nothing to do with his exemplary job performance.; February 14, 2007 2:12 AM
Anonymous said...: Helicopter money to the rescue, AGAIN.; February 14, 2007 2:50 AM
Anonymous said...: This comment has been removed by a blog administrator.; February 14, 2007 3:29 PM

HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008

February 13, 2007

Anyone believe the "we've hit bottom" statements of Bob Toll, Alan Greenspan or David Lereah now?

27 comments:

About Me

HP blogs & websites

Blog Archive