Friday, October 24, 2008

Oops, my bad.

Alan Greenspan, financial charlatan

“Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity, myself included, are in a state of shocked disbelief,” he told the House Committee on Oversight and Government Reform.

and further....

"I made a mistake in presuming that the self-interest of organizations, specifically banks and others, was such as they were best capable of protecting their own shareholders.

Really. Really? And how many millions did you make off this "mistake" during your tenure as chairman?

The real crime is that he and crooks like him will all get off scott-free while the rest of us pay the price of their schemes.

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