fkusumot on 23 October 2008
In other news Alan Greenspan did the unthinkable today:
| ... Greenspan put the fucking nail in fiscal Libertarianism today. He still can't admit he fucked up, but he's shocked that banks fucked up so badly when left to their own devices (because they're not supposed to fuck up, they're supposed to return value to their stockholders). In so many words the greatest and most powerful fiscal libertarian to ever rule the world admitted today that fiscal libertarianism turned out to not work. When asked he somewhat begrudginly admitted that banks need oversight by the GOVERNMENT. I would also like to thank Greenspan for finally and definitively telling us (in front of congress) that we're all fucked now because there wasn't enough government oversight. That's a 180 for him. Perhaps he's trying to salvage something of his legacy. |
