aatombomb replied to your quote: I’m hearing a little bit of daylight though…
Aw, go easy on Andrea, she’s one of the good ones. If only all anchors were benign.
Ok, I hear ya. I said I was cranky. I need to shake the fact that she goes home to Alan Greenspan and his WAY too late, economic mea culpa. That lingers in my brain. Maybe that is unfair.
“They should follow the law and let them [Bush’s tax cuts] lapse.”
Alan Greenspan - lawmakers should allow Bush tax cuts to expire at the end of the year.
- video here
“We run the risk, by laying out the pros and cons of a particular argument, of inducing people to join in on the debate, and in this regard it is possible to lose control of a process that only we fully understand.”
Alan Greenspan
…that only we understand? really? as Andrew Sullivan points out: A staggering quote from a man who later confessed he had no idea what had happened in the financial collapse of 2008.
aaah so this is how he managed to get that fuzzy math to add up
“
You “failed to prevent housing bubble, failed to prevent the predatory lending scandal, failed to prevent the activities that would bring the financial system to the verge of collapse.”
“You failed to prevent many of our banks from consolidating and growing to a size that are now too big or too interconnected to fail,
”Brooksley Born, the former head of the Commodity Futures Trading Commission, declared Alan Greenspan’s tenure at the Federal Reserve an unmitigated failure – to his face. [Financial Crisis Inquiry Commission hearing]
continue reading… firedoglake
If you haven’t already, do yourself a favor and watch Frontline’s “The Warning”. It documents how ahead of the curve Born was on the looming economic crisis and how she was ignored, purposely I might add, by Greenspan, Rubin, Summers and Co.
via reason.com
