Greenspan Says Economy May Be Slow To Rebound
Former Fed Chairman Denies Rumors Of Three Team Trade For Shaq; Says Economy Just Needs to Concentrate on Boxing Out
Former Fed Chairman Alan Greenspan today said that, while the economy may be slow to rebound, it didn’t make sense for the Fed to pursue a trade for Phoenix Suns center Shaquille O’Neal.
“Both Shaq and the economy are past their prime, ” noted Greenspan. The ex-chariman acknowledged Shaq would fill a Fed need created by Greenspan’s departure.
“He’s almost as obtuse and difficult to understand as I was,” Greenspan said.
While the Fed could use an interior presence, Greenspan indicated he’d like to see the Fed get “more athletic.”
-
Former Fed Chairman Alan Greenspan … or some other 143-year old dude
-
“There’s no quickness at all among the 12 regional Fed governors. If they traded for anyone, they should take a look at Raja Bell or Steve Nash.”
Greenspan went on to explain that the Fed’s options were limited. Due to recently spending over $250 billion to prop up the economy, the Fed is seriously over the NBA salary cap. With an aging roster of Fed governors that lacks speed and any credible outside shooting threat, the Fed has very little to bargain with when discussing trades with other GMs.
Laker GM Mitch Kupchak said he had spoken to the Fed earlier this year about trading Kobe Bryant but talks fell through when Ben Bernanke invoked his no-trade clause and Laker owner Jerry Buss refused to trade Bryant unless Jeannie Buss was named Fed Chairman.
Trading was halted on the stock market when rumors spread that Greenspan had compared the economy to another storied franchise that had become dysfunctional — the New York Knicks.
A spokesman for Greenspan denied the ex-chairman had drawn the comparison adding, “If the economy was that bad, we’d be looking at another Depression.”
-
Related Stories
POSTED IN: Uncategorized
0 opinions for Greenspan Says Economy May Be Slow To Rebound
No one has left a comment yet. You know what this means, right? You could be first!
Have an opinion? Leave a comment: