Alan Greenspan is history's most evasive, circuitous, and dumbfounding public speaker on matters relating to the economy. It would seem the former Fed Chair has put his caustic skills to use on a new endever. Greenspan has attempted to side-step any culpability on the part of the Federal Reserve he presided over for 18 long years by publishing a paper titled "The Crisis". This is a distancing exercise by Greenspan where he defends his policies with regards to the credit crisis.
"wonk wonk wonk...hundred year storm.....wonk wonk wonk....the cost of bailouts are preferable to the cost of cleanups.....wonk wonk wonk......this is why we have a central bank."
.... at least he kept it short.
"The Crisis" by Alan Greenspan (the whole thing should be in quotes really) HERE
Trade: Long bullshit. Short common sense.
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