Greenspan was regarded as godlike for so long he could have marched us all off a cliff at will, oh wait he did a couple of times. He will be remembered as the finest honer of financial bubbles since the Dutch and their tulips. It is impresive that after being chastized for the dot.com bubble, he solved that with the housing bubble, kind of like solving a headache by taking painkillers that soon give you cancer.
Friday, May 9, 2008
The Shine Comes off Greenspan
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