How Alan Greenspan Tricked America(inspiredeconomist.com)
inspiredeconomist.com
How Alan Greenspan Tricked America
http://inspiredeconomist.com/2008/12/20/how-alan-greenspan-tricked-america/
3 comments
I wish someone would give me a column even though I don't know what the fuck I'm talking about. Greenspan had a role in the current financial crisis, but he was not the sole engineer, nor even the biggest one. For actual, sound info on this subject, check out the EconTalk podcast/blog.
I thought getting a column required that you know nothing ;p well on the internets anyway
The story didn't talk about anything that wasn't fiction. It didn't say that he pushed subprime mortgages or derivatives or any other economic thing that led to the disaster. Basically, the article said "he's responsible, but we don't know the reason".
So, for your enjoyment, the story of Obama's 2008 presidential victory:
As a young boy, Barak found a magic flower. This flower endowed him with super-human strength. When old man McCain came around, he was easily able to beat him up and all the voters cheered because they liked boxing and then he found the key to the White House under a doormat! The end!
Yeah, it's a story, but it doesn't say anything.
So, for your enjoyment, the story of Obama's 2008 presidential victory:
As a young boy, Barak found a magic flower. This flower endowed him with super-human strength. When old man McCain came around, he was easily able to beat him up and all the voters cheered because they liked boxing and then he found the key to the White House under a doormat! The end!
Yeah, it's a story, but it doesn't say anything.
from the title - "the following is a fictionalized account of how Alan Greenspan, magically made America’s life savings disappear and diverted our attention from global warming"
really? so this is a fictional story about a real person and what they didn't do.
Alan Greenspan has taken some responsibility for the current market conditions, but I don't believe the bulk of the error rests with him.