Saturday, May 16, 2009

The Bottom Line & Greenspan


Peter Schiff: ......J'accuse!



Who, Me? Yes, You!

".....The bottom line is that Greenspan fathered the housing bubble and now he refuses to acknowledge kinship of his wayward child.

His denial of responsibility is an act of stunning bravado, and is a testament to his ability to turn even the simplest of situations into an impenetrable tangle of theories and statistics.

The private sector jokers who now hold top dishonors in our pack of economic villains are easily trumped by the Maestro.

The fact that Greenspan still has any credibility shows just how little understanding the general public, including Wall Street and the media, actually have about this crisis.

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