Comments on: Greenspan to Join Hedge Fund Paulson & Co. as Adviser http://www.nakedcapitalism.com/2008/01/greenspan-to-join-hedge-fund-paulson-co.html Mon, 23 Nov 2009 00:29:23 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: "Cassandra" http://www.nakedcapitalism.com/2008/01/greenspan-to-join-hedge-fund-paulson-co.html#comment-3056 "Cassandra" Wed, 16 Jan 2008 02:26:00 +0000 http://www.nakedcapitalism.com/2008/01/greenspan-to-join-hedge-fund-paulson-co-as-adviser/#comment-3056 Emmanuel, To be be fair, one might argue it wasn't H Paulson's job to share with the world his innermost thoughts on the <i>future</i> hazards of (and opportunities betting against) structured sub-prime stuff. One would argue, however, that it <i>was</i> Mr Greenspan's job, and in this respect, he failed miserably. I wonder if J Paulson will listen to AG were he - again - to suggest shooting the moon by taking on some curve risk, as he did to homeowners in 03 & 04, encouraging them to swap their long-dated fixed mtgs for "cheaper" ARMs by telling them it was safe to do so. Too bad he neglected the entire primer on basic associated risk management when waving the bright-red ARM cape at those considering such a leveraged recap of their primary residence following an already stellar move in historical prices. <br/><br/>While business leaders' ethics are pervasively questionable, they merely reflect America's expectations, whereas despite the depths to which the Bush Admin's has brought public service, Greenspan's divergence from his Public Service responsibility is far worse, hands-down. Emmanuel, To be be fair, one might argue it wasn’t H Paulson’s job to share with the world his innermost thoughts on the future hazards of (and opportunities betting against) structured sub-prime stuff. One would argue, however, that it was Mr Greenspan’s job, and in this respect, he failed miserably. I wonder if J Paulson will listen to AG were he – again – to suggest shooting the moon by taking on some curve risk, as he did to homeowners in 03 & 04, encouraging them to swap their long-dated fixed mtgs for “cheaper” ARMs by telling them it was safe to do so. Too bad he neglected the entire primer on basic associated risk management when waving the bright-red ARM cape at those considering such a leveraged recap of their primary residence following an already stellar move in historical prices.

While business leaders’ ethics are pervasively questionable, they merely reflect America’s expectations, whereas despite the depths to which the Bush Admin’s has brought public service, Greenspan’s divergence from his Public Service responsibility is far worse, hands-down.

]]> By: Emmanuel http://www.nakedcapitalism.com/2008/01/greenspan-to-join-hedge-fund-paulson-co.html#comment-3050 Emmanuel Tue, 15 Jan 2008 20:58:00 +0000 http://www.nakedcapitalism.com/2008/01/greenspan-to-join-hedge-fund-paulson-co-as-adviser/#comment-3050 Yves, Greenspan is an appalling character, but I'm not so sure who's worse--him or the other Paulson, Hank. Goldman Sachs has done pretty well hedging against subprime-related assets which it hawked with Hank Paulson at the helm and afterwards. Sec. Paulson's paycheck from hypocrisy was probably larger than anything Greenspan will receive in an advisory role to <i>John</i> Paulson. Yves, Greenspan is an appalling character, but I’m not so sure who’s worse–him or the other Paulson, Hank. Goldman Sachs has done pretty well hedging against subprime-related assets which it hawked with Hank Paulson at the helm and afterwards. Sec. Paulson’s paycheck from hypocrisy was probably larger than anything Greenspan will receive in an advisory role to John Paulson.

]]> By: alan greenspend http://www.nakedcapitalism.com/2008/01/greenspan-to-join-hedge-fund-paulson-co.html#comment-3047 alan greenspend Tue, 15 Jan 2008 16:19:00 +0000 http://www.nakedcapitalism.com/2008/01/greenspan-to-join-hedge-fund-paulson-co-as-adviser/#comment-3047 Once again, I'm in awe of his evil genius. Once again, I’m in awe of his evil genius.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/01/greenspan-to-join-hedge-fund-paulson-co.html#comment-3044 Anonymous Tue, 15 Jan 2008 15:00:00 +0000 http://www.nakedcapitalism.com/2008/01/greenspan-to-join-hedge-fund-paulson-co-as-adviser/#comment-3044 No shame whatsoever. He is after all, a disciple of Ayn Rand. A true libertarian would never consider morality a barrier to making a buck!<br/><br/>It's amazing what you can accomplish when your primary principle is to live unbound by principles ;) No shame whatsoever. He is after all, a disciple of Ayn Rand. A true libertarian would never consider morality a barrier to making a buck!

It’s amazing what you can accomplish when your primary principle is to live unbound by principles ;)

]]> By: Peter http://www.nakedcapitalism.com/2008/01/greenspan-to-join-hedge-fund-paulson-co.html#comment-3034 Peter Tue, 15 Jan 2008 12:24:00 +0000 http://www.nakedcapitalism.com/2008/01/greenspan-to-join-hedge-fund-paulson-co-as-adviser/#comment-3034 HF Mngr: Mr Greenspan, so do you think the market will go down from here, or up ?<br/><br/>Mr G: well.. the chances of either one of these occuring is pretty high. but the clue you might be looking for may not lie within what i might describe to you as the answer to your question. the clue i can give is the answer to another question that you might need to ask in order to understand what im going to say..<br/><br/>I wonder if he gets paid based on performance. if he is clever, he isnt.. HF Mngr: Mr Greenspan, so do you think the market will go down from here, or up ?

Mr G: well.. the chances of either one of these occuring is pretty high. but the clue you might be looking for may not lie within what i might describe to you as the answer to your question. the clue i can give is the answer to another question that you might need to ask in order to understand what im going to say..

I wonder if he gets paid based on performance. if he is clever, he isnt..

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