Friday, January 06, 2006 

Money Week: The mess Alan Greenspan leaves behind ...The result of this has been to increase the willingness of investors to participate in speculative bubbles because they know that if things go wrong and they are unable to get out before the bubble burst, their good friend Alan Greenspan will bail them out and limit their losses...Greenspan's policy of inflating bubbles to counter the negative effects of the bursting of previous ones is like someone who remains on a sinking ship because he doesn't like to swim.
posted by DavidG  @ 10:28 PM 2 comments


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