Tuesday, April 08, 2008

Blaming Greenspan

naked capitalism writes on On Greenspan's "Fed is Blameless" Canard. "Greenspan decided to launch a frontal attack on critics of his tenure at the Fed, via a Financial Times comment, "The Fed is blameless on the property bubble." Needless to say, his defense does not stand up to scrutiny." Again, I don't know enough to really comment on it.

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