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Web Letter

Hey Chris, you ought to mention this the next time you're on Rachel Maddow's show... oh, that's right, you can't, Mrs. Alan Greeenspan is one of her (and MSNBC's) BFFs.

Elayne Riggs

Yonkers, NY

Apr 21 2010 - 10:40am

Web Letter

Greenspan is just continuing the old obfuscating BS he spewed for almost two decades. Sometimes it was amusing--Monty Pythonesque. It was his slippery (as another commentator mentioned) way of avoiding acting as a regulator, despite being the financial-regulator-in-chief. And like most of the members of the party that claims to be for personal responsibility, he's yet another cowardly shirker.

If we follow Greenspan's logic, we should eliminate the Federal Reserve. The truth is that these agencies do know how bubbles occur and how to prevent large ones. His inaction borders on criminal negligence or perhaps insider trading (he and his buddies make out great either way).

David Hawla

Barrington, RI

Apr 18 2010 - 8:43pm

Web Letter

President Obama would've done better to have invested half the bailout money in a propping-up of the people--forcing them to know the pain that results from anyone's doing business with any of the principals involved in the moneymaker known as "the banking crisis."

Obama should've done that even if, to such august bodies as Goldman Sachs and John A. Paulson, it caused him look as though he was hedging his bets.

J.E. Bernecky

Westover, PA

Apr 17 2010 - 3:49am

Web Letter

I'm not sure that" delusional" is the appropriate word. "Slippery" seems more to the point. Which parallel universe has the old "irrational exuberance, pay go" feller been on? He is one of the architects of this mess. Glass-Steagall had actually responded to the identical mess in 1933, and he and his cronies are the ones who dismantled that legislation in 1999 with Gramm-Leach-Bliley. Is that old crook going to get away with his new line of blather? Didn't Ayn Rand's and his mommy ever tell them that gluttony isn't self-regulating?

james l. pinette

Caribou, ME

Apr 16 2010 - 11:29am

Web Letter

Alan Greenspan lives in a bubble where wealth and the wealthy are the bedrock of society and must be protected and preserved at all costs. In his world, free markets and creative destruction are abstract phenomena from which "important" people have to be protected. He would have made a great Whig and, if we're all lucky, he and his compatriots on Wall Street and in academia will all go the way of that eighteenth-century party. The sooner the better.

Bud Ilic

Bloomington, IL

Apr 15 2010 - 6:57pm