For general discussion and debate. Possible talking points:
- Fed cuts discount rate...on a Sunday!
- JP Morgan buys Bear Stearns for $2/share!
- Stocks are tumbling around the world!
- Dollar heading lower with fears that it could become the new "carry trade" currency!
In the midst of all this, Alan Greenspan, who was the Chairman of the Federal Reserve from 1987 to 2006, is warning that America could be facing its worst financial crisis since World War II. Whether he's right or wrong, how much are the current problems due to his monetary policies during the past three decades? Will media address this as they focus on what's happening in markets around the world, or will all the troubles be blamed on George W. Bush, tax cuts, and, of course, Iraq?