Greenspan stating that that he (& his anti-American friend Rand) believed that banks would always act in the interest of shareholders is the most insane thing he has said. Hello, remember the S&L hell that he presided over in late 80’s and early 90’s. Did the S&L’s care about shareholders when they were financing $500M skyscrapers worth $100M? ZERO risk with FDIC ready to bail out depositors. Why did none of our brilliant Congressman ask Greenspan about the S&L history?
