Category Credit crisis

Word

“The Bush administration, which took office as social conservatives, is now leaving as conservative socialists.” — Allan Mendelowitz (And I don’t want any squawking in the comments from Marxists about how this isn’t real, actual, 100% Lenin-would-approve socialism. The US…

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…