No real post tonight, but a link to a soon-to-be classic comic by Tom Tomorrow.
I always thought something smelled fishy about Greenspan, a Reagan-era holdover (I think). But I got a D in college Econ 101, so I wasn’t smart enough to put my finger on what he’s been doing. Now, as the housing market and lending industries fall apart, we start to see the reality behind three decades of his maneuvering.
Another public official to file away in the “too good to be true” category.