Guest Yang, AthD (h.c) Posted March 22, 2008 Share Posted March 22, 2008 It's nice to see that he brought that kind of economic insight to all Americans, like the time when he encouraged everyone to go out and get an ARM mortage in 2004[1] http://en.wikipedia.org/wiki/Charles_Keating In 1985, Keating hired Alan Greenspan as an economic consultant, in an effort to convince an oversight agency to exempt Lincoln Savings from certain regulations. Greenspan delivered a favorable report, writing that Lincoln Savings was "a financially strong institution that presents no foreseeable risk to depositors or the government." .... American Continental Corporation, the parent of Lincoln Savings, went bankrupt in 1989. More than 21,000 mostly elderly investors lost their life savings, in total about $285 million. [1] http://www.slate.com/id/2096313/ -- Yang a.a.#28 "I can hardly wait for your head to explode when the Repubs hold onto both houses of Congress this November. And Yang can quote me on that." -Fred Stone, 6/14/2006 "FRED STONE YOU GOT PWNED. " -laleeloolelo <at> yahoo, 12/28/2007 "Face it, Fred, you've been pwn3d." -Bill Baker, 12/21/2007 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.