Yes, the man who helped cause it all by creating and presiding over two bubbles and subsequent collapses now says – wait for this – the rich are now getting richer while everyone else gets screwed. Perhaps the old buzzard is feeling a twinge of conscience or realizes his historical name is mud unless he [...]
Posts Tagged ‘Greenspan’
Dead Battery of the Decade Award: Alan Greenspan
Wall Street Cheat Sheet gives this prestigious award to the man who without him, the financial collapse could not have happened – Alan (“I heart Ayn Rand”) Greenspan.
The video explains that Ayn Rand would have detested what Greenspan did, as he was constantly meddling with the markets and never allowed the destructive side of [...]
Greenspan-bashing goes mainstream
Finally
We continue to see the wreckage caused by Greenspan’s no-regulations, cheap money, extreme right-wing Ayn Rand philosophy. I remember being at a client, a precious metals dealer, during the peak of his regime, and being baffled at why the traders treated his deliberately indecipherable pronouncements with such awe. He was then, and remains, an extremist [...]
