Greenspan is only protecting his own reputation by finding blame in the work of someone else. Greenspan is well known for his 'less regulation' approach which was the cause for great wealth over many years, but now is the cause of much misery. Over the last several years, profits have been generated by extending credit to risky firms and individuals. So much so, that risky firms and individuals were allowed to be way over extended, leading to mass defaults.
After all of the bad decisions, Greenspan just wants someone to share the blame with. Maybe drunk drivers should get to blame the onboard computer when they hit somebody, too.
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Our sheriff just raided a library to search for undocumented "workers". How many "workers" are in a city-run library?
Greenspan is only protecting his own reputation by finding blame in the work of someone else. Greenspan is well known for his 'less regulation' approach which was the cause for great wealth over many years, but now is the cause of much misery. Over the last several years, profits have been generated by extending credit to risky firms and individuals. So much so, that risky firms and individuals were allowed to be way over extended, leading to mass defaults. After all of the bad decisions, Greenspan just wants someone to share the blame with. Maybe drunk drivers should get to blame the onboard computer when they hit somebody, too.