Friday, October 24, 2008

Greenspan's Legacy Goes Up In Smoke

Alan Greenspan tells Congress that he is shocked, just shocked (got that, shocked!) that banks wouldn't protect their shareholders and equity. More here.
Photograph by Doug Mills/The New York Times

1 comment:

lotusflwr said...

Who knew that the 'free' in 'free-market economy' was short for freefalling?

Poor Greenspan. Can't help but wonder if he took a similar approach to the Wall Street guys with their hope that they'd all be rich and retired by the time this house of cards went foom.