In this Video Former Federal Reserve Chairman, Alan Greenspan stated recently that, "We are experiencing a Credit Tsunami".
Why Blame Mr. Greenspan? Because Mr. Greenspan allowed White-Collar Bank Robbers to commit the perfect crime - stealing away the retirement savings of millions of American Baby-Boomer Retirees. People like Connie and John Sims. Mr. Simms worked for 36 years for LTV Steel in Cleavland, Ohio. Once he retired, he was living off of his retirement savings until those savings where cut in half. Now he's back at work. The Sims are not isolated cases.
Cleavland.com Blog reports that, 27 percent of workers age 45 and up are postponing plans to retire due to the bad economy.
There's enough blame to go around. But the buck (or lack thereof) stops with Mr. Greenspan.
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DEBT WARRIORS™ are not Attorneys. The information on this blog, should not be considered legal advice. If you need to speak with an Attorney click here:
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Tuesday, October 28, 2008
Alan Greenspan's Ideology Created A Credit Tsunami
Posted by Promotion Services LLC at Tuesday, October 28, 2008
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