clevohardcore - 10-23-2008 at 02:06 PM
http://ap.google.com/article/ALeqM5jSSJzC1UNusL4eW21xsZ7HJcM...
This man had/has more power in his index finger than the president does for 2 terms.
BDx13 - 10-23-2008 at 02:29 PM
a lot of people blame hi for the current crisis.
this was an interesting line and the fundamental problem, i believe:
Greenspan, who headed the nation's central bank for 18 1/2 years, said that he and others who believed lending institutions would do a
good job of protecting their shareholders are in a "state of shocked disbelief."
people can't be trusted. putting that much power and that much money in front of someone without a firm regulating body is just too much temptation.
moron - 10-23-2008 at 02:45 PM
I agree, BD. Someone's gotta keep things in check, especially when you're talking about something that has such a huge influence on the economy.
defstarsteve - 10-23-2008 at 02:53 PM
people can't be trusted
main reason why real communism will never work...
clevohardcore - 10-23-2008 at 03:07 PM
I have no answers or I am not championing Greenspan. All I'm saying is that dude sneezes and everyone listens. Even when he's gone people still want
his input.