Greenspan: “We Were Powerless.” Plus Ron Paul versus Ben Bernanke.
Posted on September 21st, 2007 by Kemp
I like how Greenspan attempts to absolve himself of any responsibility in the matter of a global speculative boom.
Additionally, Ron Paul had an opportunity to take Bernanke to task for the central bank’s policy of debasing the currency to bail out leveraged investors, bankers and the wealthy in general at the expense of savers, the middle class, pensioners, those working on a fixed wage or salary and the poor. If you have not seen the CNBC footage, you should check it out on youtube. Also, be sure to read this high-quality commentary by Scott Reamer on the subject.
Filed under: Social Mood, Economics, Entertainment
