So says WaPo, citing community organizations who as early as 1999 begged the Fed to act against subprime, to no avail. But Alan Greenspan, an extreme right wing Ayn Rand disciple, was in charge of the Fed then. He just loved subprime, and creating bubbles too. First was the dot com bubble, then real [...]
Posts Tagged ‘Alan Greenspan’
Chief architect of financial debacle calls it “once-in-a-century” crisis
This from Alan Greenspan, whose Ayn-Rand-influenced, anti-regulatory, easy money policies at the Fed were a primary cause of the current financial crisis. He of course, takes no blame for any of it. Life is so simple when you are an extremist ideologue and convinced of your inerrancy.
Yes, I’m blogging a lot about this. But the [...]
Dr. Greenspan’s amazing invisible thesis
Barron’s reviews “Deception and Abuse at the Fed: Henry B. Gonzalez Battles Alan Greenspan’s Bank.”
Greenspan, who left the Fed in 2006 but is still consulted as a genius, might find a metallic exoskeleton exceptionally comforting come May, when the University of Texas Press publishes an unflattering book by Robert Auerbach entitled Deception and Abuse at [...]
Five simple steps to becoming a billionaire: The Greenspan Method
From LongorShortCapital, the de-saintifying of Alan Greenspan continues, as well it should.
Become Fed Chairman
Lower interest rates until you create an asset bubble. Hold them low until stagflation is in the air and a real estate bubble is floating
Stop being Fed Chairman and release a book on how you didn’t do anything wrong and have no [...]
