Over the years, Mr. Greenspan helped enable an ambitious American experiment in letting market forces run free. Now, the nation is confronting the consequences. Full Story »
Posted by Julian Friedland - via Publish2 (Business)
To begin with, it is an ambitious effort to put the meltdown into perspective. Secondly, it is a courageous assessment of a person recently considered unassailable. Thirdly, it enlightened me. The absurdity of conservative accusations that warning calls came from "naive" people is breathtaking, considering that Greenspan, an Ayn Rand fan, thought that Wall Street gamblers could or would behave honorably while filling their pockets with unearned cash. Here's hoping this article is only one of the first to break down the doors of the financial monastery and reveal the rot within.
