Thursday
Mar122009
« Sir Alan Greenspan Thinks We're All Idiots »
I have had no time to write about this yet, so for now read this great response from Caroline Baum of Bloomberg.
Former Fortran and Cobol computer programmer turned world's most celebrated Central Bankster, and now gloriously, fiscal reprobate, Alan Greenspan is on a world-wide mission of damage control.
Briefly, he claims the Fed did not cause the housing bubble. It's a failed attempt at self-exoneration and I will give my thoughts later when time allows. Apparently he's lost his mind and forgotten most of the past 12 years.
Read Greenspan's delusion and try not to add to the Citigroup vomit in the corner.
Thursday, March 12, 2009 at 5:30PM
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Reader Comments (9)
Greenspan should ride off into retirement quietly. Everytime he opens his mouth his hole gets deeper.
Greenspan will never stop until he passes away. He can't stand people saying bad things about him.
I think the thing to remember is that the best liar is one who believes the lies he's telling. Greenspan must be that far gone. It's really too bad that none of his friends have brought him back to reality on this one.
Good writing.
And the political checks were and still are there. Congress can intervene but normally chooses not to. And I doubt any Chairman would refuse to resign if the President demanded it.
However Greenspan should shut up. General Omar Bradley said the correct politics for a retired General was silence. That was good advice and not limited to Generals. Jimmy Carter comes to mind.