GREENSPAN SAYS UNFAIRLY BLAMED, HAS NO REGRETS: REPORT (REUTERS)

Reuters - Former Federal Reserve Chairman Alan
Greenspan has lashed out again at his critics, saying he was
being blamed unfairly for the credit crisis and that he had no
regrets about decisions he took while at the helm.

RLCC Comment: Alan Greenspan is the man who said "irrational exuberance" about the dot-com bubble long before it burst. Now he's asking everyone to believe that even though all he had to do was sit studying the same cycle and to read the full range of opinions of economists (some of the best of whom were saying years ago that what has happened would happen) that he actually became dumber about knowing that the exact same thing was happening concerning real estate as happened in technology and the Internet. His knowledge and experience went backwards he's claiming. He became less informed. He was hired by the private bankers who lied and cheated their way into having a private monopoly on the U.S. currency and who make their money off usury charged the whole American middle and working class for issuing the people the money they are forced to use, and we're supposed to believe these people that they are all scrupulously honest who would never pull a Ponzi scheme in real estate financing to make trillions for themselves. They aren't the spiritual heirs of the robber barons. They aren't the spiritual heirs of Nathan Rothschild who tricked the whole of London finance while he alone knew that the British had won at Waterloo. Oh no, those types of financial sharks don't exist today. Well, if you believe that, then you don't believe evil exists at all. Everyone must be righteous. There are no wars or other crimes. This is really Heaven. George W. Bush didn't lie about Iraq. None of the neocons lied. Machiavellianism isn't followed at all, and you can just trust them because they're all patriotic Americans.

Link to source-webpage, obtained via: Yahoo! News: Economy News, April 8, 2008, 12:10am

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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