Wednesday, June 19, 2013

The Wit and Wisdom of Alan "Even a Broken Clock is Right Twice a Day" Greenspan

"Without stronger regulations, we increase the possibility of insolvency and crisis. Without restrictions on the the size of Fannie Mae and Freddie Mac, we put at risk our ability to preserve safe and sound financial markets in the United States." 2005...................................................................................P.S. On two distinct occasions (2005 and 2006), the Republicans in the House and Senate tried to put restrictions on the practices of Fannie and Freddie and on both occasions the Democrats (Barney Frank, Maxine Waters, Gregory Meeks, etc.) demagogued the issue. Yeah, you had better believe that this was a bipartisan fiasco.

3 comments:

dmarks said...

Based on what you said in your post alone, it doesn't come across as a bipartisan fiasco at all.

Will "take no prisoners" Hart said...

I went through this whole Kabuki dance with wd before. I challenged him to find ONE statement by Barney Frank before the housing crisis and before the bailout of Fannie and Freddie in which he "warned" the Republicans about the perils of the GSEs and he couldn't (this, while I came up with scores of quotes by Mr. Frank displaying that the dude was totally clueless). He couldn't and he can't....And yet he continues....

Rational Nation USA said...

wd (whirling dervish) is now ds (dervish sanders). Still the same, if not even more, well , lets just leave it at still the same.