Entries Tagged as 'greenspan'

Terrible Flood; Locusts: It Wasn’t The Fed’s Fault

April 7th, 2010 · 2 Comments · fail, greenspan

Everyone’s favorite ancient Fed chair found himself having a neighborly chat with some government commission today, about who wasn’t to blame for the financial meltdown. Surprisingly, Greenspan is blaming literally every single person on earth except the Fed. Even Communists, in the first paragraph of his prepared statement. It was the global proliferation of securitized […]

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Greenspan: I Like Big Bubbles And I Cannot Lie

March 19th, 2010 · No Comments · greenspan

Okay, it’s the closest he’s come to admitting he did it: The Crisis, by Alan Greenspan. It sounds like an airport novel. But the 66-page paper is the closest we’ve ever gotten to a mea culpa from the former Fed chief, who chaired the US central bank in the midst of a growing housing bubble. […]

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Greenspan Abandons Free Market

October 15th, 2009 · 4 Comments · greenspan

Ha ha, scare headline. So now Alan Greenspan is advocating that banks too big to fail should be broken up into lots of tiny little banks, like Constructicons. Yes, that same Alan Greenspan who partied with Ayn Rand and was unable to even pronounce the word “regulation” until his fifty-third birthday. “If they’re too big […]

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Mea Culpa

March 27th, 2009 · 9 Comments · bandit, bernanke, greenspan, hank paulson, jamie dimon, Timmay

Here at LOLFed, from time to time, we like to point a gnarled finger of blame at those in industry and government whom we feel are at least partially responsible for our current state of affairs. We have done so without regard to race, ethnicity, political party, gender, collegiate affiliation, or employer. As it happens, […]

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Be Sweden About It

February 18th, 2009 · 11 Comments · bailout, greenspan, win

Warning: sky may be falling. Former Fed chairman and known economic interventionist Alan Greenspan today predictably called for the nationalization of failing US banks, is what the headlines would read in an alternate universe, where we apparently now live.  Seriously, which one of you guys crossed the streams?  Crazy world we live in, up is […]

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