FLIP-FLOP Fed Chairman - Greenspan The Bank Fraud Denier! - FLASHBACK To Battles With Brooksley Born - PBS Frontline Video
Video: PBS Frontline - The Warning
How quickly Greenspan sings a different tune. A 1996 conversation is reported between Brooksley Born and then Fed Chairman Greenspan:
- Greenspan: “Well, Brooksley, I guess you and I will never agree about fraud,”
- Born: “What is there not to agree on?”
- Greenspan: “Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud. I think that the market will figure it out."
Stop! Watch this. From the FED celebration at Jekyll Island over the weekend. Bernanke looks uncomfortable as Greenspan admits the truth. Runs 50 seconds.
Greenspan, Bernanke and former NY Fed president, Gerald Corrigan - Nov. 6