Former Fed Chairman Alan Greenspan has been identified as a prime culprit in creating the conditions for the financial crisis, in particular for opposing greater regulation and fostering a housing ...
Former Fed Chairman Alan Greenspan has been identified as a prime culprit in creating the conditions for the financial crisis, in particular for opposing greater regulation and fostering a housing bubble. Today, Greenspan is getting his turn on Capitol Hill. And this time, he's speaking in terms we can all understand: admitting some responsibility, while trying to deflect ultimate blame.
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Brooksley E. Born the chess master should have been listened to instead of this smoke blowing checkers player Greenspan and his boy's club including Rubin. He does not know what happened? - Liar Liar , I am surprised his nose didn't grow a couple of feet. Unfortunately, Greenspan, Rubin etc are not much better than Madoff. They want to keep this murky voodoo market unregulated so that the wealthy few can shaft the middle class.
You should read wealth of nations to get an insight of what capitalism is because your misinformed thats one. and two extending personal liberties and de regulations is the only way to regulate the market. you let it do it by itself. Because you cant regulate a 13 trillion dollar economy how you want, everybody in the sec will tell you that. they rely on whistleblowers. its very hard for a goverment to keep in check regulations so its better to do without them.
yeah, just like government can't keep track of all morality, or we know somewhere laws will always get broken so better not to have them at all....that is the dumbest logic ever. why don't we just go into time machines and live as cave men
The Federal Reserve is oversighted every 6 months by senate hearings. so false. Alan Greenspan is extremely smart. And people who blame him alone for the crisis dont have any idea about anything regarding economics.
He's extremely educated and extremely arrogant. He and his ilk think of themselves as the ever so sensible dad type, and their enemies as hippy dippy types, and that at the end of the day it is the sensible dad types who have everything figured out, who are the smartest and most insightful and sensible. They think ideas like a person not needing to be regulated because misbehaving would lose customers and therefore money is motivation to behave. Wow. That's clever if you're Frank Burns.
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