Alan Greenspan's housing bubble coffee break - How the World Works - Salon.com
It's amazing how someone can go from being a hero to goat so quickly. During most of Greenspan's twenty year reign the economy was booming and he was widely seen as the one person most responsible those good times. He was a genius. The great financier of the great US capitalist empire. Now that we've hit harder times, he's seen as the one who created, or at least helped create, the monster. He not only created it but missed the warning signs of its collapse and failed to use his power to reign it in before it crashed down on the world 's economies.
Was he lucky in the good times? Unlucky in the bad times? Short sighted? Evil, purposly sacrificing the future for current profits for his banker friends? I guess history will decide.
tnb
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