Alan Greenspan tells Congress that he is shocked, just shocked (got that, shocked!) that banks wouldn't protect their shareholders and equity. More here.
Who knew that the 'free' in 'free-market economy' was short for freefalling?
Poor Greenspan. Can't help but wonder if he took a similar approach to the Wall Street guys with their hope that they'd all be rich and retired by the time this house of cards went foom.
Who knew that the 'free' in 'free-market economy' was short for freefalling?
ReplyDeletePoor Greenspan. Can't help but wonder if he took a similar approach to the Wall Street guys with their hope that they'd all be rich and retired by the time this house of cards went foom.