The world’s most powerful libertarian, Alan Greenspan, admitted before a Congressional hearing yesterday that untrammeled greed is not the best way to run an economy.
Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity, myself included, are in a state of shocked disbelief.
Remember all those dorks back in college who, OD’ing on Ayn Rand novels, argued about the purity of capital and the evil nature of a government elected by its citizens? Those dorks took over our financial system for the past 20 years and succeeded in running it right off the cliff. The head dork says so!