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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