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Home Publications Blogs Beat the Press Is There Anyone in the World Who Is Demonstrably Less Competent Than Alan Greenspan to Pass Judgment on Financial Reform?

Is There Anyone in the World Who Is Demonstrably Less Competent Than Alan Greenspan to Pass Judgment on Financial Reform?

Wednesday, 30 March 2011 04:54
The Financial Times featured a column from former Federal Reserve Board Chairman Alan Greenspan arguing that the reforms in the Dodd-Frank bill will make financial markets less stable. Just in case you have forgotten, we have 25 million people who are unemployed, under-employed or have given up looking for work altogether because Alan Greenspan did not understand financial markets and the economy. Perhaps the FT will have a column offering advice on disaster management from Michael Brown.
Comments (11)Add Comment
Greenspan Overcame Perverse Incentives of Financial Malpractice, Low-rated comment [Show]
written by foosion, March 30, 2011 9:51
Greenspan = arsonist complaining about the firemen who are trying to put out fire he started
With Notably Rare Exceptions
written by marc sobel, March 30, 2011 12:31
With Notably Rare Exceptions, Alan Greenspan, has done a wonderful job on unemployment

he he
written by nutz2u, March 30, 2011 1:52

Greenspan believes in the Intelligent Design (invisible hand) theory of economics? And izzatzo backs him up? Man, those conservatives truly are idiots. Too bad hundreds of millions had to, and will have to, suffer for their stupidities.

Can't we have some people in the Fed who, them very selves, have intelligence??
written by diesel, March 30, 2011 2:49
izzatzo's right again. An alpha male like Greenspan--one with a real swinging pair of medallions--needs a clear field and lots of scope in which to operate. Those who, like hyenas harrying a regal lion, act so as to hamstring our superiors only serve the cause of the servile classes with their slave mentality. Behold, I present the Ubermann--fittest specimen in the race to sit on the invisible right hand of the monied Lords. Fawning apologists welcome. Skeptics may ask for table scraps from the kitchen help at the back door.
written by Benedict@Large, March 30, 2011 6:26
Do doubt "izzatzo" is a paid commenter. Time to block his MAC address.
written by izzatzo, March 30, 2011 7:45
This was very good blog about financial risks and black holes in the universe that interests me very much so I want to know more how they work together.

Alan Greenspan Shoes and Andrea Mitchell Purses are designed to make you look like you already have a job because you are willing to take risks at least once a century which will get you many job offers at DontBlameMedotcom.
written by S.D. Jeffries, March 30, 2011 11:38
Why does anyone pay any attention to anything Greenspan has to say anymore, let alone give him a format like the FT? The man is either demented or terminally deluded.
perry mehrling's assessment of the greenspan article
written by David, March 31, 2011 6:12
written by ellis, April 01, 2011 7:01
Greenspan is nothing but a spokesman for the bankers. As chairman of the Fed he helped them make a lot of money out of all the speculative bubbles. That's what he is an expert at. And in the real world, it means he did his job competently. the fact that there is a lot of unemployment as a result is completely immaterial. The banks could care less, so therefore Greenspan could care less.
written by Grich, April 01, 2011 4:58
Do you all remember when Greenspan was the "god" of finance?
Amazing what is said when the truth actually comes out eh Alan?
What DID happen to the 8 trillion dollars?
As I thought...... silence.

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.