In hindsight, who is most to blame for the Financial Crisis?

[admin]

Greenspan
Bush
Banks, etc.
Homebuyers/consumers

Take your pick.

[briansd1]

Of course, greed and human nature were responsible for the financial crisis.

I believe that Greenspan is the person most responsible for it.

1) He misjudged productivity increases due to technology. He’s old, doesn’t use technology and does not fully understand it.

2) He believed in the Great Moderation thinking that tech and speed of information travel created more efficient markets. It turns out that tech amplifies the herd mentality.

3) Despite his Ayn Rand worship, Greenspan misjudged human nature. Greenspan believed in self-preservation and he was correct. But he didn’t understand that humans only care about individual preservation and individual enrichment. Individual goals conflicted with institutional self-preservation.

[briansd1]

Of course, greed and human nature were responsible for the financial crisis.

I believe that Greenspan is the person most responsible for it.

1) He misjudged productivity increases due to technology. He’s old, doesn’t use technology and does not fully understand it.

2) He believed in the Great Moderation thinking that tech and speed of information travel created more efficient markets. It turns out that tech amplifies the herd mentality.

3) Despite his Ayn Rand worship, Greenspan misjudged human nature. Greenspan believed in self-preservation and he was correct. But he didn’t understand that humans only care about individual preservation and individual enrichment. Individual goals conflicted with institutional self-preservation.

[briansd1]

Of course, greed and human nature were responsible for the financial crisis.

I believe that Greenspan is the person most responsible for it.

1) He misjudged productivity increases due to technology. He’s old, doesn’t use technology and does not fully understand it.

2) He believed in the Great Moderation thinking that tech and speed of information travel created more efficient markets. It turns out that tech amplifies the herd mentality.

3) Despite his Ayn Rand worship, Greenspan misjudged human nature. Greenspan believed in self-preservation and he was correct. But he didn’t understand that humans only care about individual preservation and individual enrichment. Individual goals conflicted with institutional self-preservation.

[briansd1]

Of course, greed and human nature were responsible for the financial crisis.

I believe that Greenspan is the person most responsible for it.

1) He misjudged productivity increases due to technology. He’s old, doesn’t use technology and does not fully understand it.

2) He believed in the Great Moderation thinking that tech and speed of information travel created more efficient markets. It turns out that tech amplifies the herd mentality.

3) Despite his Ayn Rand worship, Greenspan misjudged human nature. Greenspan believed in self-preservation and he was correct. But he didn’t understand that humans only care about individual preservation and individual enrichment. Individual goals conflicted with institutional self-preservation.

[briansd1]

Of course, greed and human nature were responsible for the financial crisis.

I believe that Greenspan is the person most responsible for it.

1) He misjudged productivity increases due to technology. He’s old, doesn’t use technology and does not fully understand it.

2) He believed in the Great Moderation thinking that tech and speed of information travel created more efficient markets. It turns out that tech amplifies the herd mentality.

3) Despite his Ayn Rand worship, Greenspan misjudged human nature. Greenspan believed in self-preservation and he was correct. But he didn’t understand that humans only care about individual preservation and individual enrichment. Individual goals conflicted with institutional self-preservation.

[sdrealtor]

I’ll take the bullet;)

[sdrealtor]

I’ll take the bullet;)

[sdrealtor]

I’ll take the bullet;)

[sdrealtor]

I’ll take the bullet;)

[sdrealtor]

I’ll take the bullet;)

[briansd1]

[quote=sdrealtor]I’ll take the bullet;)[/quote]

Ah, Realtors. But of course. 😉

[briansd1]

[quote=sdrealtor]I’ll take the bullet;)[/quote]

Ah, Realtors. But of course. 😉

[briansd1]

[quote=sdrealtor]I’ll take the bullet;)[/quote]

Ah, Realtors. But of course. 😉

[briansd1]

[quote=sdrealtor]I’ll take the bullet;)[/quote]

Ah, Realtors. But of course. 😉

[Author]

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