Greenspan, 82, acknowledged under questioning that he had made a "mistake" in believing that banks, operating in their own self-interest, would do what was necessary to protect their shareholders and institutions. Greenspan called that "a flaw in the model ... that defines how the world works."
i am mad to hear that basically the bank system screwed us. now the government is going to have a stake in just about everything. Greenspan did what any free market person would do. let the companies handle their own business. apparently the stupidity of our business leaders are going to bring on SOCIALISM or worse. go big government having their hands in everything i do.
2 comments:
Ok, so
1. The guy is old and senile and for some reason we trust him with a crap load of money? How did we not see this coming? He doesn't know who he is let alone who th guy on the $20 is...
2. The "flaw in the model?" So the system was intended to fail? Wow, this is telling.. scary, but I guess we need to ask ourselves how long we expected this fraud known as a Constitutional Republic was meant to last.
Historically, 250 years is the cap, we are in the 230's.. Right on schedule it seems.
Socialism is already here, look at Welfare and the soon-coming medicaid for all, federal public schooling and the attempt to outlaw homeschooling.. and it is only going to get worse.
Let us brace ourselves and pray to God that His Will be done in all things.
ahhhh. . .thanks for the profile update. and love the tune change.
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