Greenspan is a very smart guy who guaranteed himself a peppy economy during his post as Fed Chief, by SELLING OUT our economic future by creating the greatest credit bubble in the history of this country. He visited his cushy friend, Dubya in the White House, more frequently than any fed chief has ever visited a sitting president. Of course, it is hard to say whose nose was up whose butt during those meetings, but one of their noses was certainly brown.
And then Greenspan left his office right ON TIME when he saw the sh_t was about to hit the fan.
Then he wrote a book for which I’ll paraphrase the tile as, “None of this economic MESS is my fault. Please preserve my stellar legacy.”
Greenspan is not an American Hero. He’s a traitor.
You know whose organization had the power to stop the fraud in banks originating loans to homeowners with ZERO capability of paying them back? The Fed had the chartered power to govern that activity, but Greenspan DID NOTHING.
