It is nice to read leading newspapers like LA Time writes about the same thing I said about the impact of Greenspan on economy has been much more damaging than Bin Laden has done to U.S. Now here is what is more impressive:
The guy who criticizes Greenspan is the finance minister of Italy, who is a conservative!!!
Here is an extraction:
“ Giulio Tremonti excoriated the “voracious selfishness” of speculators and “stupid sluggishness” of regulators. And he singled out Alan Greenspan, the former chairman of the U.S. Federal Reserve, with startling scorn.”
“Greenspan was considered a master,” Tremonti declared. “Now we must ask ourselves whether he is not, after [Osama] bin Laden, the man who hurt America the most. . . . It is clear that what is happening is a disease. It is not the failure of a bank, but the failure of a system. Until a few days ago, very few were willing to realize the intensity and the dramatic nature of the crisis.”
So I was not off demanding prosecution of Alan Greenspan as soon as possible. There must be a petition drive and demanding such an inbestigation. And PLEASE stop saying “free market…” “free market…” and then giving yourself a corrupted perception that you are a conservative. Please!
Here is the link:
www.latimes.com/business/la-fi-euromood20-2008sep20,0,7535469.story
