Friday, September 14, 2007

The Fountainhead needs new glasses.

I find this article from CNN startling. The headline is as follows:


Greenspan: I didn't grasp subprime threat
Former Federal Reserve Chairman says he didn't see early on the damage that lending to those with questionable credit could do to the economy.

I did a quick Wikipedia search for Alan Greenspan and this is what I found:

...is a wealthy, short-statured retiree who gets into a series of sticky situations as a result of his nearsightedness, compounded by his stubborn refusal to admit the problem. Affected people (or animals) consequently tend to think that he is a lunatic

That sounds about right. Greenspan's policies of being a corporate fluff-girl is stuff of free-market, cultish legend. Kind of puts in perspective Bush's ownership society. Guess we can now call it Bush's Foreclosure Society.

Update: Evidently the above Wiki reference was not of Alan Greenspan, but this character:


Apologies to Mr. Magoo.

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