How could you present us with such a task as making up our own minds, O Emperor? Isn't that your job? Not to criticize, of course. Visors or no, I know when Storm Troopers are looking at me sideways. If I must think for myself, I have to say...
Obi-Wan... there... is good in him.
Generally, we see a prosperous America in Greenspan's time as Federal Reserve Chairman. There is a duality to America's wealth during those years, however–as we grew more wealthy, our debt also grew, and we engaged in more and more risky moves.
Mr. Greenspan steered our economy through various crisis and wars with commendable skill, controlling inflation along the way. He had the economy's best interests in mind, and really seemed to be doing his job. You would think these would be basic requirements for a government position, but, as our dearly corrupt Emperor can tell you, it's not. The way he did his job throughout his five-term tenure (not that things such as terms or democracy mean anything to our Honorable Lord Palpatine) persuades me over to his side. He saw a recession coming in and before 2007, and was surprised the likelihood of it happening wasn't higher then. Now, we're heading into the last months of 2008, and while the Dow Jones is only just starting to pull out of its five-year-low nose dive, every-day people will tell you the same thing: "Feels like a recession to me." Well, Mr. Greenspan called it. And if it weren't for his support of derivatives, I'd give him a clean bill.
During his eighteen years as Reserve Chairman, Alan Greenspan has been a huge defender of derivatives. I won't suggest you kill him with lightning just for this, but in my opinion–which the Great and Powerful Lord Palpatine has deigned to allow me to express–it's not the best stance to take. These derivatives are meant to make exchanges less risky, but in the hands of the greedy, it becomes much more risky. America is made up primarily of millions of little people, and in the hands of inexperienced little people, derivatives can become very dangerous. People don't realize that the system was created in favor of larger parties that will be enabled to take larger risks and potentially see larger success, not the every-day person with little market savvy. Even large parties can find themselves experiencing massive loss: Orange County, CA–yes, that's right, the Orange County–lost $1.6 billion because of incorrectly used derivatives. We can't blame Mr. Greenspan for the risks people take, or for the greed of the people who benefit from these risks, but nothing's stopping us from saying maybe he should backup and regroup on his derivative stance, and this time, factor in humanity's nature toward greed and living outside of our means.
As Emperor of the First Galactic Empire, it not only falls to me to defend the Citizens of the Empire from all threats, internal or external, but also to occasionally inform the People of critical developments in matters of taste. This holocron is a record of those decisions.
WHEREAS, there is found a pressing need that matters of Taste most urgent to the People be considered at once,
WHEREAS, there is found an utter and entire Lack of authoritative and definitive Arbitration on these matters within the Empire,
WHEREAS, the Emperor Palpatine seeks above all that all things within His Empire be in its necessary and proper Order,
BE IT PROCLAIMED, that the Emperor Palpatine shall entertain petitions, submitted by the People, that specific Items of Taste be considered by the Emperor during his daily rounds in place of his normal selection. Such submissions may be made via Commentary in these pages, via personal communique with the Emperor, or as a last request prior to execution.
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How could you present us with such a task as making up our own minds, O Emperor? Isn't that your job? Not to criticize, of course. Visors or no, I know when Storm Troopers are looking at me sideways. If I must think for myself, I have to say...
Obi-Wan... there... is good in him.
Generally, we see a prosperous America in Greenspan's time as Federal Reserve Chairman. There is a duality to America's wealth during those years, however–as we grew more wealthy, our debt also grew, and we engaged in more and more risky moves.
Mr. Greenspan steered our economy through various crisis and wars with commendable skill, controlling inflation along the way. He had the economy's best interests in mind, and really seemed to be doing his job. You would think these would be basic requirements for a government position, but, as our dearly corrupt Emperor can tell you, it's not. The way he did his job throughout his five-term tenure (not that things such as terms or democracy mean anything to our Honorable Lord Palpatine) persuades me over to his side. He saw a recession coming in and before 2007, and was surprised the likelihood of it happening wasn't higher then. Now, we're heading into the last months of 2008, and while the Dow Jones is only just starting to pull out of its five-year-low nose dive, every-day people will tell you the same thing: "Feels like a recession to me." Well, Mr. Greenspan called it. And if it weren't for his support of derivatives, I'd give him a clean bill.
During his eighteen years as Reserve Chairman, Alan Greenspan has been a huge defender of derivatives. I won't suggest you kill him with lightning just for this, but in my opinion–which the Great and Powerful Lord Palpatine has deigned to allow me to express–it's not the best stance to take. These derivatives are meant to make exchanges less risky, but in the hands of the greedy, it becomes much more risky. America is made up primarily of millions of little people, and in the hands of inexperienced little people, derivatives can become very dangerous. People don't realize that the system was created in favor of larger parties that will be enabled to take larger risks and potentially see larger success, not the every-day person with little market savvy. Even large parties can find themselves experiencing massive loss: Orange County, CA–yes, that's right, the Orange County–lost $1.6 billion because of incorrectly used derivatives. We can't blame Mr. Greenspan for the risks people take, or for the greed of the people who benefit from these risks, but nothing's stopping us from saying maybe he should backup and regroup on his derivative stance, and this time, factor in humanity's nature toward greed and living outside of our means.
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