THEME: GREENSPAN'S POLITICS

It is interesting to note that Greenspan has tackled two thorny subjects this week: Social Security and Freddie & Fannie's special status. It seems that Greenspan is finally getting so sick of the Administration and the Republicans and the Hill that he feels he needs to be the voice of reason in a city gone mad.

This must be watched closely.

Interesting bit from Greenie: the first wave of Baby Boomers would be eligible for Social Security retirement benefits when they reached age 62 in 2008. Three years later, those people will be eligible for Medicare.