But it will be interesting who got sweetheart payments just before the collapse.
I do agree that Greenspan and Bernacke are at the heart of the current mess.
Greenspan could have prevented the tech bubble way back in 2001 had he earlier increased margin requirements instead of relying solely on adjusting interest rates here and there...
Its gotten worse since Bernacke has taken over, but Bernacke is really just doing the same as Greenspan: Attempting to use interest rates to over-manage the US economy.
Time will tell how this all shakes out...
Periodic upheavels are enevitable. If they werent, then being rich would be as simple as saving all your nickels and dimes.
To be truely rich you must accept that change happens. hat tip to Obama's message of change.
Current Events » in reply to Main Reason for the Bear Stearns Bailout
I think it goes deeper than that...
