Agree Marjorie/Andrea These buffoons for the most part , went along for the ride, they even had time to impeach a President for having some backroom sex. What a stupid country.

She didn’t have to concede anything, her point of view isn’t based on anything but the supreme her notion. On the other hand , Greenspan and his staff should have been well rounded on technology and the global economy. It was their duty to model every contingency possible. What , you don’t think thats possible. Sure is when you have millions at your disposal and a staff of how many you needed. If Greenspan was confused by what was happening in technology, he should have resigned. There is no one who can tell me when and for how much i should buy a stock for….its not their business if i am irrational and exuberant. If he was scared of that , he should have resigned.m The Fed had no business involving itself in the market and further, to attack the market because the speed of events is overwhelming your dusty brain cells. Greenspan completely ignored a well educated workforce to the North and slave labor to the South. There was never a shortage of labor, nor would there have been. Inflation was not a risk, but deregulating was. Even I saw that Alan, give me a break, this isn’t rocket science.

There is no room for ideology’s when you are hired by the government to set policy. You want to experiment, check out a science fair. Problem with Greenspan is that he bought this as gospel from day one …he never had clear thinking.

Integrity ?????, he’s an idiot. Now if he handed back his paycheck to the citizens , perhaps , he could be given some leeway. For now, he should be looking at a massive fine and perhaps some jail time.

Agree, misguided on both counts.

I expect my Government to represent the interests of my country and those that live there. I expect a mature country to find a way to have free education to those that meet a certain standard. I expect free medical care including dental. I expect these systems in place with tough regulations that favor the citizen vs. the corporations. I expect my government to find ansers for the next 100 years of our evolution and I expect them to work for the common good .

Hello, some interesting reading on this topic. I think the question still remains, was Greenspan and idiot ( or something like that ) Answer - Yep. But whats really astonishing is how he gets away with it. If he’s and idiot , then the presidents , their staff, all the politicians and their staffs were complete idiots. In the end , it is we that are complete idiots because we allow them to continue. Ann whats her name, she wrote a book or two, had some interesting things to say, came from an environment that shocked her, so what…she wasn’t elected, she wasn’t paid to take care of you. Now, getting back to this idiotic notion of Free markets and Laissez Faire. As it stands, we know it doesn’t work. I would suggest a federal government, nay, an International set of standards that apply to anything that is as critical as financial markets. Markets are simple, no need to overcomplicate them. As for Greenspan, don’t ever forget he told you that you were irrational. This old pile of dust was allowed to kill the most exciting decade ever experienced. He was wrong, continued to be wrong and is still wrong.